Format
This course will be delivered via Zoom on Thursday 21 November 2024 from 9.30am to 1pm. The Zoom link will be emailed to participants the day before the course is due to take place.
Who should attend
All staff in your practice, right through from Partner level to Trainees have specific AML responsibilities and hence attendance on this interactive webinar for all members of your team would be of benefit to ensure that your firm remains fully AML compliant.
This course specifically focuses on the needs of accountants in practice in the Republic of Ireland.
Course overview
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From the Whole Firm Risk Assessment, to the documentation that you should have for each and every client, as well as current reporting requirements, this webinar will allow you to gain the understanding on what you now need to be fully AML compliant at your practice in just one session.
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An understanding of what Money Laundering is and what signs you should look out for.
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An overview of the current Republic of Ireland AML legislation, what changes are likely over the coming years with the recently announced 6th AML Directive and how these impact your practice, as well as the latest guidance.
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The important roles of both an Garda Síochána & the Revenue Commissioners in Suspicious Transaction Reporting and investigation, as well as the online reporting systems they employ.
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Discussion of the practical AML Reporting issues and dilemmas facing you; and
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Professional Standard’s supervisory role, their current approach to AML compliance reviews, as well as the most common findings that you can avoid at your firm will also be covered.
This webinar will be as interactive as possible, with time allocated to allow participants to ask the questions and deal with the AML issues that matter to you. We will also show how the 2024 Institute AML Toolkit can assist your practice to remain compliant in this area.
Key Learning Outcomes
By the end of this course, participants will be able to:
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Have full knowledge of the current key significant Irish AML related legislation and its impact on your firm.
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Identify where gaps exist in your current AML compliance systems and the required updates to ensure that you firm will be fully AML compliant to meet the new requirements.
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Gain an understanding of the common AML related compliance issues that we see at firms across Ireland, as well as how to avoid them.
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Gain an insight into the changing regulatory regime in this area and its impacts on your practice.
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Learn of possible future changes in this area.
Speaker Bios
Conal Kennedy - Conal is Head of Practice Consulting in Chartered Accountants Ireland. He and his team provide advice and support to practices throughout Ireland, and publish a range of practice toolkits covering audit, accounting and compliance. Over a 16 year period in Practice Consulting, Conal has coached and advised many practices through major change events such as mergers, acquisitions and retirements. He has also advised on practice development and marketing.
Jeremy Twomey-Jeremy in his role as Practice Consulting Manager works to support our member practitioners across our service areas, with a particular focus on compliance support, training and our associated advisory services. Jeremy is a Fellow of the Institute, having trained with Ernst & Young; he has held senior management positions across both financial and professional services, as well as the public sector.
Key Event Details:
Location: Zoom - Webinar
Time: 9:30am - 1pm
CPD Credit: 3.5 hours
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