SRA Thematic Review on AML Training

Regulation 24 of the Money Laundering Regulations 2017 states that all firms must ensure that relevant employees receive regular AML training which includes making them aware of the law relating to money laundering, terrorist financing and to the requirements of data protection which are relevant to the MLRs.

Although this is a requirement of the MLRs, the SRA are finding that some firms are still not training their relevant staff or that the training is inadequate. The firms are also not keeping adequate training records. The SRA have conducted a thematic review this year in relation to AML training. The report on the review was released on 30 October 2024 and makes for interesting reading.

In this webinar we will look at how the SRA conducted the review, what their findings were in relation to good and poor practices and looking at how we can put an effective AML training programme in place in our firms. This will be an informative session giving you the tools to put an effective training programme in place.

This webinar is suitable for the MLRO/MLCO/deputy MLRO, training Partner, compliance team and learning and development team.

Learning Objectives:

In this session covering the facts, finding and figures of the thematic review report we will learn:

• The methodology used to undertake this review
• The findings of the review including good and poor practices
• How to put together an effective AML training programme using the ROLE method the SRA have introduced
• Additional training required for the MLRO/MLCO
• AML training in connection with continuing competence