Understand Proceeds of Crime


Range:	Understand
Subject:	Law
Introduction:	Accountants are now bound by two pieces of legislation that came into force on 1 March 2004 - the Proceeds of Crime Act 2002 and the Money Laundering Regulations 2003. So how does this affect your practice and more importantly how effective are your company's measures against financial crime? As an accountancy firm it will be your responsibility to: Appoint a money laundering officer (MLRO) Train employees on all aspects of legal requirements Verify and file the identity of new clients Establish appropriate internal procedures to identify and prevent Money Laundering The package explains the new regulations, legislative requirements and obligations under the Proceeds of Crime Act 2002 and the Money Laundering Regulations 2003.
Contents:	Proceeds of crime Assessment module
Time:	4 hours