Performing Effective AML Risk Assessments

Overview

The AML risk assessment is a crucial part of the client due diligence process and one that regulators are looking at with an ever-keener eye. This three-hour seminar will consider all the important aspects, highlight key documentation requirements and provide vital feedback on where things can – and do – go wrong.

Key features

• The firm wide risk assessment – what is it and what ACCA is looking for
• Key aspects of the client level risk assessment (e.g. products/services, geography, business type, transactions)
• Using electronic databases to inform the risk assessment - key tricks and traps
• How to document your risk assessment
• Topical issues and red flags
• Reassessing risk as part of ongoing due diligence
• Frequently asked questions

You will walk away from the session with a good grasp of all the important regulations in this area, ensuring that your firm is fully compliant with ACCA requirements.

This event was recorded on 25 June 2024

Peter Herbert

Peter qualified as a Chartered Accountant with an international accountancy firm before working in industry. He has over 20 years of training experience and is a founding director of Insight Training. Peter specialises in financial reporting, auditing, practice regulation and company law, as well as commercial awareness and business skills. He has a small practice, providing advice to mid-tier and small accountancy practices on aspects of accounting, auditing and practice regulation.

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3 CPD units

1 hour of learning = 1 unit of CPD.

ACCA members can use this learning to meet their CPD requirements provided it is relevant to their career. If the event contributes to general knowledge and skills, it should be recorded as non-verifiable CPD. If the learning can be applied in the workplace, it will contribute to verifiable CPD.

Fee: 103 GBP + VAT (123.60 GBP) per delegate

This event is organised by ACCA UK Continuous Learning Team.

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