Training Course Syllabus:

Bankers: Money-Laundering, Reporting Obligations and the New Criminal Finances Bill

Objectives of the Presentation

• New powers and safeguards


• Improve the UK capability to recover the proceeds of crime, including international corruption


• Transforming the relationship between public and private sectors


• Enhancing the UK law enforcement response


• Combating the financing of terrorism

Why Should you Attend

The bill is a key element of one of the most significant changes to our anti-money laundering and terrorist finance regime in over a decade. It is part of a wider package of measures aimed at strengthening the government´s response to money laundering and improving the amount of criminal assets confiscated by the state (and, where possible, returned to victims). This includes:

• Improving the effectiveness of the supervisory regimes for the regulated sector


• Reforming the Suspicious Activity Report (SARs) regime, including investment in systems and processes to complement the legislation


• A cross-government action plan on asset recovery


• Increasing our international reach through events like the Anti-Corruption Summit in May 2016 to build capacity with overseas partners, reflecting the global nature of this issue

Areas Covered

The facets for the Criminal Finances Bill

• The Criminal Finances Bill


• Unexplained wealth orders


• Disclosure orders


• Power to obtain further information and extend the SARs moratorium period


• Information sharing


• Seizure powers


• Proceeds of Crime Act (POCA) amendments


• Terrorist financing


• Corporate failure to prevent tax evasion

Seminar Summary:

The Criminal Finances Bill was introduced to the UK House of Commons on 13 October 2016. It will significantly improve the government's ability to: tackle money laundering and corruption, recover the proceeds of crime and counter terrorist financing. (see full course description)

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