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Finance, AML & Compliance

Suspicion Reporting Requirements (online)

Course details

Cost

£60

Length

Self-paced – 12 weeks access to materials. Expected training time 30 minutes

Course Overview

This course is intended to provide training on employees’ responsibilities and liabilities under the Criminal Justice (Proceeds of Crime) (Bailiwick of Guernsey) Law, 1999, the Disclosure (Bailiwick of Guernsey) Law, 2007 and the equivalent requirements under countering the financing of terrorism legislation.It can be taken as part of the GFSC Handbook and Schedule 3 course or as a standalone course. As a standalone course, it is primarily aimed at staff members not undertaking regulated activities or AML/CFT/CPF or compliance activities, for example: filing clerks, IT staff etc. or individuals seeking to understand the Guernsey suspicion reporting requirements.

It is written specifically for businesses which need to comply with the Guernsey Handbook, Schedule 3, and The Disclosure (Bailiwick of Guernsey) Law, 2007.It is relevant for licensed financial services businesses and for professional firms registered as prescribed businesses and is suitable for all employees.

Course Content

This course will cover:

  • 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.

The course has case studies and practical examples, including some audio case studies (with transcripts if preferred).

There is a downloadable Relevant Laws summary for easy reference.

Course Benefits

The course will help you to understand your legal obligations to disclose suspicion, how to do that and practical issues which arise.

The course 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 the ‘Register 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.