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Laundering Meetings

by msecadm4921

The proposed revision of the Joint Money Laundering Steering Group guidance is set to radically change the way that money laundering and terrorist financing risk is managed in the UK.

So say the organisers of two conferences later this year: The new JMLSG Guidance – turning change to advantage in the new anti-money laundering regime. The events are titled ‘managing your risk-based options’ on September 22; and the implications for training and competence in your organisation, on November 10.Both events run at the Churchill Museum and Cabinet War Rooms, London SW1.

The organisers say that the heart of the new approach is a move for regulated institutions to a “sharper, risk-based focus”, with greater emphasis on senior management responsibility and a simplification of verification requirements. What will this mean?
At the same time, new standards in training and competence for compliance and anti-money laundering are being proposed by the Financial Services Skills Council, to provide a benchmark for organisations to measure the effectiveness of their training programmes. But how to ensure that all your staff receive up-to-date and relevant training in an ever-changing regulatory environment?

Speakers include consultant and former Midland Bank security, fraud and internal audit man Michael Hyland; David Blackmore, who since 2003 he has served on the BBA’s Money Laundering Advisory Panel (MLAP); Sue Thornhill, the principal author of the UK Money Laundering Guidance Notes for the financial sector from 1990 to 2003; and Steve Hancock, Head of Group Money Laundering Prevention for Prudential.

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