This module kicks off the advanced course by focusing on the concept of risk which is fundamental to the practical operation of AML. This module considers the various risks applicable to property agents and how these might need to be considered and addressed in a firm’s money laundering risk assessment within its AML policy and how that might be reflected in the associated procedures.
Records, Reliance and Suspicion
This module discusses the importance of record keeping in AML and the statutory records that agents are obligated to keep. It then looks at a key element of record keeping which and the development of suspicions and the reporting of these to the appropriate bodies. It finishes with a short discussion of the concept of reliance and explains why it is quite rare in practice.
This module focuses on the regulatory regime around AML for property agents. It looks at the role of the HMRC as a regulator and particularly on what it can demand from agents. It also looks at the powers of HMRC to fine and prosecute agents and how these are being used.
Please note, the AML Course is only available to Rightmove customers. You must use your branch or office email address. (E.G John.Smith@MyAgency.co.uk) Personal accounts (John.Smith@gmail.com etc) and shared email accounts will not be accepted.
- Relevant to the sector and role
Your team needs to have training on an appropriate range of financial crime risks relevant to their role and seniority as a property professional.
How our course delivers: Our trainer, David Smith is a property solicitor who specialises in regulation including Client Money Protection, data protection and AML for property professionals. Our more advanced course is aimed at senior staff who are exposed to higher financial risk.
- Of consistent quality and up to date
Put your entire team through our AML training to train them to the same standard.
How our course delivers: Our on-demand content ensures that everyone in your team has access to the same high-quality content created by a property solicitor with the latest advice for property professionals. Put the refresher training into your teams diaries on regular basis.
- Ready and available for new staff as soon as they start
The HMRC expects that any of your team in customer-facing positions must undertake their AML training before they interact with customers.
How our course delivers: Available on-demand, our training can be completed by a new starter at the start of their induction, allowing you to get on with your own tasks while they work their way through each module.
- Practical and with some form of testing
The HMRC advises that AML training should be practical and include assessments. The HMRC also specifically calls out poor practice as failing to identify training needs – testing with will also help you identify members of your team who are struggling with the topic and may need extra support or guidance.
How our course delivers: Every module is followed by a test so that you can demonstrate your adherence to HMRC’s best practice if it were ever needed.
- Logged and tracked with full employee training history
The HMRC specifically warns against failing to keep financial crime prevention training logs or tracking of employee’s training history.
How our course delivers: This course is CPD accredited and we’ll provide a certification of completion. Keep a record of all your team’s certificates so that you have them to hand.