MLRO/MLCO masterclass: AML/CFT/CPF policies, procedures and controls

Collas Crill Compliance Limited is running a series of masterclasses to help MLROs and MLCOs meet additional training requirements ahead of the MONEYVAL visit.

The training is delivered by Collas Crill Compliance Limited Executive Director Sandra Lawrence and Collas Crill Group Partner Nin Ritchie, and attendees will receive a CPD certificate of attendance.

One of the key focuses of MONEYVAL’s visit is the evaluation of the efficacy of Guernsey’s AML/CFT/CPF framework.

The topics covered by the four masterclasses include AML/CFT/CPF policies, procedures and controls – how to establish strong internal controls; dealing with suspicious activity reports and ensuring you are fully equipped to deal with such disclosures; effective management information and record keeping; and understanding the complexities of international sanctions.

Aimed at, and tailored to, the needs of MLROs, nominated officers and MLCOs the training sessions will provide attendees with practical guidance and real-life examples, which can be applied directly to day-to-day responsibilities.

Sandra Lawrence said: “Additional training for MLROs and MLCOs has been mandated by the Guernsey Financial Services Commission so it is vital that people working within an AML/CFT/CPF role take heed

“The landmark Financial Action Task Force (FATF) report published in 2022 couldn’t have been clearer on what Guernsey should expect from the MONEYVAL visit – they are looking for tangible progress on the effective implementation of laws, regulations and policies.

“Key to this is ensuring all anti-financial crime professionals are fully trained in all their obligations and armed with tools and knowledge to carry out their duties to the highest level.”

The four masterclasses will take place at Collas Crill’s offices on Glategny Esplanade 9 – 11.30am on:

• 19 September (topic – AML/CFT/CPF policies, procedures and controls)
• 17 October (topic – dealing with suspicious activity reports)
• 14 November (topic – effective management information and record keeping)
• 5 December (topic – understanding the complexities of international sanctions).