Anti-money laundering regulations
You'll learn how to recognise and report suspected money laundering in your accounting role, and why compliance with anti-money laundering regulations is a critical professional responsibility.
This lesson is part of a paid course
Buy the course to unlock every video lesson and the AI Tutor, plus mock exams with feedback on CIMA courses.
Already bought? Sign in
Ask the AI tutor anything about this lesson
It knows every lesson in the course — explanations, clarifications, practice questions.
In this lesson
- 0:00 Anti-Money Laundering Regulations Overview
- 0:09 Money Laundering Definition and Compliance Steps
- 0:20 Register and Appoint Reporting Officer
- 0:32 Train Staff to Identify Offences
- 0:44 Implement Risk Assessment Procedures
- 0:57 Report to National Crime Agency
- 1:06 Tipping Off Prohibition and Correct Procedure
About this lesson
This lesson covers the key steps your firm must take—from appointing a money laundering reporting officer and training staff to identify offences, through to conducting customer due diligence and reporting suspicions to the National Crime Agency. You'll also discover the crucial legal boundaries around reporting, including why tipping off a client is a criminal offence. Essential knowledge for anyone working in accountancy or financial services.
Duration: 1m
Transcript
Every lesson comes with a full searchable transcript - included with the course.
Get the Advanced Taxation course
All 365 video lessons, an AI Tutor in every lesson and lifetime access.
Already bought? Sign in