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MLRO and AML Officer Training

Do your AML Officers feel comfortable and well informed for their roles and responsibilities? Would they be confident in demonstrating these to the SRA?

We provide engaging, interactive training for your AML Officers, tailored uniquely to your firm and delivered in-person at your office.

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Our Training for MLROs and AML Officers

Our ‘MLRO and AML Officer Training’ training is designed specifically to inform and support the people in these pivotal roles, and is tailored to your firm’s own unique AML risk profile and ways of working.

This training is typically conducted as a ‘round table’ session at your office

These sessions are a hybrid of training and consultancy, which is conducted around a boardroom table and real-life concerns and situations at the firm are part of the discission.

In other words, in addition to traditional training outcomes, the delegates would leave the session with practical points that they could start to implement immediately if they wished.

Using a Firm-Wide Risk Assessment as a focal point, the topics in this training include reporting concerns, overseeing audits, maintaining/updating policies, supervision, training schedules and efficacy, and of course, updating Firm-Wide Risk Assessments.

Syllabus

Critically, the session is designed to flow as story, weaving the layers of information to support understanding of context as well as spotlighting relevancy to the cohort in the room.

Essential Knowledge Area 1: Establishing the Backdrop

What is Tax Evasion / Money Laundering / Terrorist Financing
Applicable laws and POCA.
Key applicable SRA regulations (and the current outlook of the SRA)
(Lexcel expectations, if applicable to your firm)
Reference (throughout) to the firm’s office manual/documented controls for AML
An overview of the requirements of key AML regulations in ‘everyday terms’
Penalties for individuals and for the firm

Essential Knowledge Area 2: Attributes, Proactivity and Expectations of the Post Holder(s)

Understanding individual responsibilities of the MLRO, MLCO, and AML Officers
Regulator expectation for proactivity, not reactivity
Schedules of work and activity
Applying adequate time and resource
Keeping AML expertise up to date
Demonstrating effectiveness to regulators

Essential Knowledge Area 3: Conducting the Work of an AML Officer

Using the FWRA as a route map:

Managing the FWRA and maintaining PCPs
Overseeing and evaluating training, and efficacy
Dealing with PEPS, high-risk countries, Sanctions
Dealing with elevated risks with matters and clients
The application of Enhanced Due Diligence
Receiving information on suspicions
Planning training schedules and monitoring training efficacy
Providing information and support to staff
Inputs from supervision
Planning and overseeing Regulation 21 AML Independent Audits
Audits, monitoring, and the application of risk data
Routine reporting to the Firm’s senior management
Conducting investigations and filing SARs
Screening Relevant Employees

Get in touch for bespoke MLRO / AML Officer training pricing information

Our pricing is transparent and includes content tailoring, certificate of attendance and PDF delegate materials. VAT and any travel costs and expenses.

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Certified AML Officer Training

All delegates will receive a printable PDF certificate of attendance for their training and competency records.

Why Choose PDA Legal?

UK law firms choose PDA legal as their specialist AML training provider for a number of reasons. Here are just a few most popular reasons:

All training is individually tailored to your specific needs. We don’t provide “off the shelf” training which may leave your team with knowledge gaps.
As each training course is private and dedicated for your organisation so that your team can freely ask questions in complete confidence in a nurturing training environment.
We are pleased to share our insight from more than two decades of experience in the legal sector, where we have supported more than 500 legal organisations.
Has worked with The Law Society on Lexcel and has authored articles and spoken at national Law Society events on key compliance topics.
We operate, wherever possible, on a fixed price model and project scheduling.
We offer a free, no obligation initial consultation to discuss your training requirements in detail.

Book your free AML consultation today

PDA Legal AML Training FAQs

Who is this training intended for?

We customise our training to your needs and your team. As a result, this is just an example of the type of training course which we can put togther for you.

For a course covering the subject matter defined on this page, it would be best suited for MLCOs, MLROs, AML Officers, deputy-MLROs, compliance managers and other specialists in AML-management roles.

How often should training be renewed?

AML legislation is regularly updated as Government policy attempts to keep up with changes and innovation in criminal activities. Even as we type this (Feb 2024), there is a new amendment to the legislation.

Therefore, just as initial training is important, both for existing and new team members, so too is regular refresher training; otherwise, you risk falling foul of changes in the legal requirements unnecessarily.

Unfortunately, the legislation is not prescriptive as to how often refresher training should occur. As a result, we recommend that you check-in with us each year, and we provide you with an honest view on whether or not you should undergo refresher training, either for the whole team, or whether only certain members of the team would benefit sufficiently to achieve a worthwhile ROI and address any knowledge gaps in terms of compliance.

What Our Clients Have to Say…

“Our team had never been so energised about AML as it was after PDA’s training.”

“PDA’s AML trainer had a great rapport with our team, which made the topic so much more accessible.”

“We’re already noticing the improvements in our AML controls following PDA’s staff training session.”

“PDA’s AML training is anything but dull. It brought the subject to life with real examples.”

“I thought that the speaker did a super job at condensing a lot of information into a focused and informative presentation.”

More Testimonials

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