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Finance, AML & Compliance

LMRR - GFSC Handbook and Schedule 3 (including Suspicion Reporting Requirements) (online)

Course details

Cost

£100

Length

Self-paced – 12 weeks access to materials. Expected training time 90 minutes

Course Overview

This course is intended as anti-financial crime training for “relevant employees” under the GFSC Handbook on Countering Financial Crime and Terrorist Financing and includes the content of the Suspicion Reporting Requirements course.

It is written specifically for businesses which need to comply with the Guernsey Handbook and Schedule 3. It is relevant for licensed financial services businesses and for professional firms registered as prescribed businesses.

Course Content

This course covers:

  • Differences between terrorist financing and money laundering
  • Differences between Board and Senior Management (including MLCO & MLRO) responsibilities and liabilities and relevant employees’ responsibilities and liabilities
  • CDD, beneficial ownership and key principals
  • Enhanced measures, high risk relationships and PEPs
  • Monitoring, sanctions, record-keeping and implications of non-compliance.
  • Differences between terrorist financing and money laundering
  • What is proliferation / proliferation financing
  • Obligations to report suspicions, including P/PF changes to Disclosure Law
  • How to report suspicions
  • Tipping off and internal discussions
  • Examples of relevant offences for reporting purposes
  • Confirmation of personal liabilities for failing to report etc.

In the above areas, the course explains key requirements with practical examples.

There is a downloadable Relevant Laws summary for easy reference.

Course Benefits

The course will help you to understand key areas, concepts and requirements and features animated content, with graphics and Q&A.

Complete the course at your own convenience and speed – progress is saved if you take a break.

Assessment

Initial and final assessments test the user’s understanding and help a firm to measure the effectiveness of training.

Next Steps

If you would like to take this online course, please click on theRegister Interest’ button on the right-hand side of this page and we will get back to you regarding the number of delegates interested and the course start date.

Alternatively, for further information, please call us on 224570 or email [email protected]

Course Tutor

  • LMRR Ltd

    LMRR is a Guernsey-based risk and compliance consultancy firm which was established in 2007. LMRR provides specialist regulatory risk and compliance services and training to:
    • Regulated finance businesses
    • Lawyers, accountants and estate agents
    • Financial services regulators and other public sector bodies

Upcoming Courses

Some courses we run are scheduled based on demand. Please ensure you register your interest to ensure we know which courses you would like to attend.