Specific themes addressed in the course include:

• Sources of authority and the split of responsibilities between the firm’s senior management and the MLRO.
• Creation of a firm’s ML risk assessment and the ongoing maintenance of it.
• The practicalities of managing the firm’s SAR arrangements with particular reference to the consent regime and lessons to be learnt from the Stephen Judge case.
• Ongoing developments in SOCA.
• Training and awareness obligations.
• Management information, including concept of an annual report to senior management.
• Regulators’ current areas of interest.
• Legal professional privilege.

If you are a regulated firm within the scope of the UK Money Laundering Regulations, you must appoint a Nominated Officer to deal with the handling of the firm’s internal Suspicious Activity Reports (SARs).  In practice, that person will normally be referred to as the Money Laundering Reporting Officer (MLRO).
In order to comply with the requirements and ensure staff maintain an appropriate level of competence, each attendee will be requested to take an on-line test to confirm their competence. The results of the test are made available to the firm's MLRO.