Anti-Money Laundering training reminder

IPA Insolvency Practitioner newsletter, November 2021

Contents:

• Paul Smith, CEO
• Kevin Hellard, President
• Insolvency news and alerts
• Find out about our exciting Personal Insolvency Conference programme and group discounts
• Covid safety at IPA events
• IPA Learning | Intangible Asset Recovery
• A day of celebrations for the IPA
• Licence renewals – deadline imminent
• Reminder: New member benefit brought to you in partnership with Dell
• SARs in Action
• Improvements to the Suspicious Activity Reports online portal
• Case law update
• HMRC updates

Members are reminded that Regulation 24 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (‘MLR17’) (and as amended) requires IPs to take appropriate measures to ensure that employees are made aware of the law relating to money laundering and terrorist financing, and are regularly given training on how to recognise and deal with transactions and other activities which may be related to money laundering or terrorist financing.

Whilst there is no definition of ‘regular training’, the IPA would recommend that annual training is provided and undertaken. IPs are reminded that a record of the training given is required to be kept. Training logs are reviewed as part of AML visits and compliance reviews, and can be reviewed as part of a full inspection visit. IPs should ensure that your CPD record shows that you have undertaken regular AML training as part of your ongoing professional development.

In addition to the list of preferential rates on training available to IPA members, you can now enjoy a 10% discount on Anti-Money Laundering 2021 from Insolvency Support Services (ISS), an essential update for all insolvency professionals.

Click here for the discount code, as well as the full programme of discounted ISS training for IPA members (please note you will need to log in).

Read more about the Anti-Money Laundering 2021 course and book here. Enter the discount code at checkout.

Click here for our full online learning programme and all discounts available from our partners.