Practice Update: Regulatory Compliance
Revised and up to date for 2025. Accountants in practice are required to comply with some key UK regulations. This course gives you an insight into the UK’s regulatory framework and how to follow it to help tackle money laundering, bribery, financial crime and data protection.
£100 +VAT
Practice Update: Regulatory Compliance
£100 +VAT
Practice Update: Regulatory Compliance
This course is not currently available. To find out more, please get in touch.
This course will enable you to
- Deploy anti-money laundering (AML) solutions to ensure compliance with UK regulations.
- Ensure your firm complies with bribery and corruption laws.
- Understand the UK legal and regulatory financial framework in order to safeguard you and your practice.
- Adhere to data protection regulations to safely secure and hold client data.
About the course
Being a good accountant means going beyond just complying with standards, there is also the matter of the law! It’s crucial for you to stay up to date with a range of legal aspects. This is especially true for the UK’s regulatory framework concerning anti-money laundering, counter terrorist financing, and anti-bribery, as well as data protection.
This course looks at each of these areas and, by considering the policy-making framework, the role of the regulator and law enforcement, helps you protect your practice and your clients. The course is an overview of regulatory compliance, it is not advisory. It also covers data protection regulations concerning how you remain compliant when managing and collecting data.
Please Note: This course only covers UK regulation
Contents
Anti-money laundering
Keeping regulated
Money laundering and terrorist financing
AML regulation
What’s this got to do with me?
UK regulations
Regulating AML
Understanding KYC
The risk-based approach
Breaking the rules
Record-keeping and reporting
The importance of data
The future
Lessons from the real world
Bribery and corruption
The risk
The history of anti-bribery laws
How the law works
Protecting from bribery
Implementing policy
Assessing the risk
Understanding the red flags
Consequences
It’s not just bribery!
Creating an anti-bribery culture
Financial crime legislation
Accountants and the law
The Proceeds of Crime Act 2002
The Terrorism Act 2000
The UK Money Laundering Regulations 2017
The UK Bribery Act 2010
The Criminal Finances Act 2017
The Sanctions and Money Laundering Act 2018
The Economic Crime (Transparency and Enforcement) Act 2022
A steady ship
Data protection
Being aware of data protection
Data protection in the privacy age
Accountants and data protection
It’s about more than just the GDPR
Data protection for individuals
A changing world
Data protection in the EU
AI and data protection
UK GDPR
Taking action
Going forward
How it works
Author
Michael Harris & Becky Reid
Becky Reid works with small- and medium-sized organisations, helping them to maintain, improve and grow their digital marketing activities. Michael Harris is an independent financial crime risk consultant at FCC Consulting, and works with technology and data companies who provide anti-money laundering and anti-bribery compliance solutions.
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