Recording | Preparing Your Practice for an Anti – Money Laundering Inspection

€75.00

CPD

TWO HOURS OF CLIENT CARE AND PROFESSIONAL STANDARDS FOR THIS WEBINAR

Introduction

Topics covered in this CPD Event

Legislation, How to prepare for a regulatory visit, Business Risk Assessment, Customer Risk Assessment, Customer Due Diligence, Processes and Procedures, Annual Monitoring, Suspicious Transaction Reports, Mandatory AML Training, MLRO, Case Examples of Red Flags

Solicitors accounts regulations brought about some significant legislative changes announced by the Law Society in March 2023 which came into effect from the 1st July 2023. This statutory instrument runs to 69 pages so we will be completing an overview of the key changes. As part of these changes there have been significant additional requirements and responsibilities for both the solicitor and reporting accountant in reporting to the Law Society. There has also been some shortening of the reporting deadlines that both the solicitor and their accountant must comply with.

Learning Outcomes

Compliance with AML regulations is essential not only for maintaining the integrity of your profession, but also for protecting your clients and your practice. This presentation will assist you in preparing for an AML visit from your regulatory body.

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Description

Our Speakers

Joan Bourke

Joan Bourke is a Senior Manager at Quintas and holds various legal and compliance advisory roles across the various entities of Quintas. Joan also works on the Quintas Insolvency Team which offers a broad array of services including personal insolvency, bankruptcy and debt restructuring.

Joan is a graduate of the University of Limerick and holds an L.L.B. (Hons.) Degree in Law & European Studies and is a qualified solicitor. Joan holds professional membership of the Law Society of Ireland and the Association of Compliance Officers in Ireland (ACOI). Prior to joining the firm, Joan worked for a top 10 leading Irish law firm and two other Dublin based law firms.

Mark Ryan

Mark is a Banking and insolvency Partner at Quintas and has extensive experience in financial planning, restructuring and business advisory services.

Mark was one of the 1st Personal Insolvency Practitioners (PIPs) authorised by the Insolvency Service of Ireland (ISI) in August 2013. He has assisted hundreds of people resolve their debts and make a fresh start with their lives.

A PIP is a professional financial advisor who is regulated by the ISI to represent individuals in debt in applying for a DSA or PIA and to administer the agreement once it has been accepted and approved. This is a relatively new area of Law which was only introduced into Ireland in 2012. Mark completed his qualifications with the Association of Chartered Certified Accountants (ACCA) in December 1999 and he is a member of the Institute of Certified Public Accountants (CPA)

Mark completed his Personal Insolvency Practitioner (PIP) Certificate Examination in June 2013

Quintas are one of Irelands leading accountancy and financial services firms, offering our clients market leading business and personal financial solutions. Based in Cork city, our team of financial professionals provide expertise and skills to deliver cohesive solutions for our customers across Corporate Finance, Tax Advisory, Personal Tax, Auditing, Debt Resolution, Personal Insolvency, Payroll and Bookkeeping Services.

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