Other stories: RBS to pay £750,000 money laundering fine
The programme targets practitioners from retail and investment banking together with legal experts, anti-money laundering consultants and ex-law enforcement officers. It is a practical guide, which details responsibilities and providing ‘best practice’ points for various legal regimes.
‘Where money laundering compliance is concerned, getting it wrong cannot be an option. Reporting officers can face a hefty fine or even a jail sentence if they fail to comply with their legal responsibilities and this programme will help them to reduce that risk,’ said Sally Scutt, deputy chief executive of the BBA.
The training program went live on Tuesday and was produced jointly with e-learning company Absolutely Training.
The average cost of fraud increased 35.4% to £3.9m in 2016, compared to 2015 data
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal