This course will cover the following topics:
- Applicable Legislation
- What is Money Laundering?
- Who Are Designated Persons
- Money Laundering for Accountants – What is Required?
- Role of the MLRO
- Systems and Controls
- Risk assessments for firm and clients
- Customer due diligence completed
- Annual compliance reviews
- Staff training
- Reporting Procedures (internal and external)
- Key weaknesses in AML
- Is AML applicable to your clients
- The 5th EU AML Directive
CPD Course Facilitator
Colm Owens: Practice Support Executive, OmniPro
As a member of our Practice Support team, Colm’s focus is on helping practices achieve on-going best practice compliance, prepare for monitoring visits and assist with post-monitoring visits follow-ups.
Colm brings a unique insight into the whole area of monitoring and compliance having spent the last 6 years as a quality reviewer with Chartered Accountants Ireland. In that role he has visited firms of differing sizes all over the country which has given him an insight into how firms operate, the challenges facing firms and how firms are responding to current issues facing them and the profession. He has gained up-to-date knowledge of audit, accounting, money laundering and regulatory compliance issues relevant to the profession and knowledge of current audit methodologies.
Prior to his time with Chartered Accountants Ireland, Colm’s roles included Audit Manager with Anne Brady McQuillans and Brophy Gillespie, both in Dublin, where he worked with a range of clients from small owner-managed businesses through to larger audit clients.