Anti-money laundering and data protection in practice
Effective compliance is more than just a tick box exercise, working best when it becomes part of an organisation’s DNA. Cultural change is a key requirement if anti-money laundering (AML) and data protection is to be built into how organisations do things and is not just a bolt on.
The risks associated with non-compliance are high - financially and reputationally.
Anti-Money Laundering and Data Protection in Practice is a training seminar provided by the ICAS Practice Support team. It brings to life AML and data protection within the practice environment in a practical and day to day basis, making it part of the firm’s DNA, thereby reducing the risks to the firm of non-compliance.
Who will benefit from attending training courses
AML and data protection is of such importance and relevance to practices that all staff and partners would benefit from attending training in these areas. Providing and requiring attendance at the course is one way of demonstrating reasonable measures have been put in place by the firm to comply with the 2017 Regulations and to prevent data breaches.
Anti-money laundering
Practices have an obligation to ensure that all relevant staff understand their AML responsibilities and are equipped to fulfil these. This course ensures that employees, from receptionists to partners, have the necessary skills to spot suspicious circumstances and understand what they need to do if and when they encounter them, with some thought provoking, real-life case studies to reinforce the learning outcomes.
Learning outcomes
- What money laundering is and why it’s important to try and prevent it
- The legislative background affecting people working in accountancy practices
- Red flags that could raise suspicions
- Personal responsibilities and how to fulfil these, including reporting suspicions
- What happens after suspicions are reported
Data protection
Firms should ensure that all staff and partners understand the importance of personal data and their obligations to treat it responsibly and securely. They need to understand how the requirements of data protection and UK GDPR are relevant to the day to day work that they do.
Learning outcomes
- Overview of legislation and the importance of data protection in the practice workplace
- Typical personal data used in a practice
- When and for what purposes personal data can be processed
- Ensuring compliance with the privacy statement, including consent
- Data minimisation, retention and security
- Identification of actual or suspected personal data breaches and how to respond
- Identifying requests to exercise rights by individuals and how to respond
Costs and booking
Anti-Money Laundering and Data Protection - 1/2 day - £500 + VAT
Each element may also be delivered separately:
Anti-Money Laundering - 1 1/2 hrs - £300 + VAT
Data Protection - 1 1/2 hrs - £300 + VAT
To book or discuss requirements further, please contact practicesupport@icas.com.
