When:	Wednesday 28 July 2010
Venue:	Central DUBLIN City Venue
Cost:	Cost: €380 (No VAT)
CPD allowance:	max 3 hours (subject to professional body rules)
Click to send a booking request	TO BOOK A COURSE SEND AN EMAIL to BOOKINGS@COMPLIANCEIRELAND.COM including the course name, course date, your name and contact details (including telephone number). You will receive an automatic response. Thereafter we will email you full joining instructions and an invoice detailing how to make payment.   Terms & Conditions and Cancellation Policy - Please Read

 

 

The 3rd AML Directive was transposed into Irish law on 5 May 2010. It is expected that the new Criminal Justice (Money Laundering & Terrorist Financing) Act 2010 will be implemented on and from 15 July 2010.

 

This advanced-level practical course, delivered by Irish based internationally experienced anti-money laundering consultants, including a former FSA regulator and lawyer, will review the latest amendments to Ireland's anti-money laundering laws and Guidance Notes, as well as the practical effect of the 3rd EU AML Directive on your business. Examining:

1. the new 2010 Act;
2. the Sanctions Lists requirements;
3. the Guidance Notes;
4. the FATF 40 recommendations and 9 special recommendations;
5. Financial Regulator's recent anti-money laundering directions;
6. the 3rd EU Money Laundering Directive, and
7. implementing the risk-based approach at client, firm, transaction and geography levels

This course will keep lawyers up to speed with the latest developments and requirements which will not only assist solicitors acting as designated persons but also solicitors who advise clients on financial crime issues.

Who should attend?

• Solicitors in practices
• Solictors working as internal counsel in financial and industrial firms
• Practice management staff for law firms
  

 

"A very well presented course. A complex area that was approached logically. Obviously presenter knew the area extremely well and did not have to hide behind jargon or legislation. His ability to debate the issues was good also. The course was brought to life with real life examples."
Attendee from the Irish Financial Regulator

"The training manual has become our in-house precedent - it is the most referred to document in the office!"
Attendee from a Funds Company

"…thorough and comprehensive … delivered in a very good practical and interactive way"
Attendee from an Insurance Company

The anti-money laundering and financing terrorism obligations imposed upon solicitors, especially the requirement to report suspicious activity, is a very topical issue facing Irish legal practitioners.

OBJECTIVES:

The course examines the relevant parts of the Criminal Justice (Money Laundering & Terrorist Financing) Act 2010 and publicly available Guidance issued by the Law Society of Ireland and also the Core guidance for the other designated persons to explain, in practical terms, the key financial crime issues, in particular:

1. Your legal obligations as solicitors - under the Act;
2. The steps to take to meet your obligations - determining what is satisfactory evidence of identity for different types of natural and legal persons, exemptions, introduction certificates, initial and ongoing CDD responsibilities, record-keeping, how to evidence your compliance with the legislation; and
3. Problems faced by solicitors - identifying & reporting suspicious activity, confidentiality & privilege, what to do after a report has been made, the "tipping-off" offence, civil liability & instances where solicitors (and others) have been prosecuted for failing to report suspicious activity.

 

To make a booking for this course SEND AN E-MAIL to BOOKINGS@COMPLIANCEIRELAND.COM including your name, work address, phone & fax numbers. Don't forget to include the name of the course you are interested in attending and which date you would like to attend!