This masterclass details the roles and responsibilities of the MLRO and MLCO within the Guernsey Financial Services Industry. The session will provide you with a thorough understanding of duties to be undertaken under the new requirements of the Guernsey Financial Services Commission’s Handbook for Financial Crime and to enhance the application of the anti-money laundering regime.
Topics covered will include:
- GFSC Regulatory Requirements
- Responsibilities of Senior Management and the Board of Directors
- The handling of internal disclosures of suspicious activity
- The making of high quality external disclosures to the FIS
- The handling of production and restraining orders including, but not limited to, the requirements of the Relevant Enactments and how to respond to court orders
- Liaising with the Commission and law enforcement agencies
- The management of the risk of tipping off
- Responsibilities for monitoring and testing Policies & Procedures
- Monitoring and testing of compliance systems and controls in place to detect ML and FT
- PEPs and Sanctions
- Case Studies
After attending the course, you will:
- Have the ability to explain the difference in the roles and responsibilities of the MLRO and MLCO
- Be equipped to comply with statutory & regulatory obligations in relation to the role of MLRO/MLCO
- Understand the money laundering and reporting regime
- Have gained confidence in dealing with Suspicious Transactions and Activity Reports (STRs/SARs) including consent requests
- Be able to assist in the development of a firm’s Money Laundering Risk Assessments
If you would like to book a place on this course please click on the ‘Book Course’ button to the right of this page and login or register for a user account to complete your booking(s). Any queries please do not hesitate to contact us via [email protected] or call us on 01481 721555.
If no date is scheduled for this course at the present time please click on the ‘Register Interest’ button and login or register for a user account so that we can add you to our course interest register. This register allows us to contact our tutors and finalise dates for a course as soon as we have a few people who have expressed their interest, so the more delegates who register their interest, the sooner we can schedule a particular course.