MLRO Masterclass – Half Day






9:15 am - 1:15 pm

Course summary:

This half day course provides practical guidance and quality training material on Irish Anti-Money Laundering and Terrorist Financing obligations imposed on Designated Persons.

Course content:

This course is designed to assist attendees to get to grips with the following requirements:

Legislative background and recent enforcements

  • Upcoming regulation
  • The Criminal Justice (Money Laundering and Terrorist Financing) Act 2010/2018
  • Transposition of 5MLD
  • Recent fines and sanctions

Creating and maintaining an AML/CTF risk framework

  • Business wide financial crime risk assessment
  • The customer risk assessment
  • Maintenance and monitoring

A risk-based approach to sanctions

  • What to screen
  • What lists to monitor
  • Appropriate compliance monitoring considerations

Delivering effective training

  • Content
  • Delivery
  • Assessments

Keeping policies and procedures up-to-date

  • What policies to have in place and what to consider

Suspicious Transaction Reports

  • Submitting a ‘good’ report to the Garda
  • Communicating with Garda and relevant authorities
  • Relevant timelines and types of reports

The Central Bank’s AML/CTF inspection reports

  • Failures
  • How to improve

CBI Guidance

  • Things to consider

Enforcement and investigative powers of Garda and Central Bank including relevant Enforcement Actions

  • What actions can they take
  • What are the timelines
Who should attend?

This course is suitable for all individuals that may be required to interact with AML at any level throughout the course of their employment including:

  • Customer Relationship Managers
  • Heads of Compliance
  • MLRO’s – Money Laundering Reporting Officers
  • Heads of Risk
  • Heads of Internal Audit
  • External Auditors
  • Solicitors
  • Accountants
  • Estate Agents/Auctioneers (Property Service Providers- PSP’s)
Related Courses
AML 101 – 2 hours
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