Basic anti-money laundering (AML) obligations apply to professional services firms in New Zealand and hardly any at all currently apply to Australian firms. As more comprehensive obligations loom, firms in both countries are starting to beef up their client on-boarding, screening and advisory processes in preparation for ‘tranche 2’. This webinar is as timely as it promises to be thought-provoking as Ron shares some inconvenient truths about the AML industry. He explains why ML is BS, and AML doubly so. To the chagrin of dedicated regulators, he will explain why it doesn’t much matter what the law says about professional services firms AML obligations. When you peel away to what ML is really about, it’s just plain good business to think just a little differently about the advice your firm gives which involves any form of financial transaction. Watch on-demand 24/7, any device. Ready when you are. All CPD for Me accounts include LogCPD where you can store and record CPD activities, from any provider – by CPD period. Simply print or email your Activity Statement when you have completed your CPD requirements.
“Money Laundering is BS”, so why should we care? (2016) – 1 CPD Unit
Ronald F Pol explains why money laundering is BS.
Key Learning Outcomes
- Why anti-money laundering is a misnomer that masks its own capacity to be effective;
- What anti-money laundering is really about, and why it’s good for your business; and
- Why expensive software systems and training programs teaching the arcane intricacies of an acronym-addled industry may be part of the solution, but if they miss the point may diminish their own potential effectiveness
- What really works and why
This session presented by Ronald F Pol, Team Factors is 54 minutes long.
You will receive 1 CPD Unit – Practice Management or Professional Skills.
At CPD for Me you can record all CPD activities from any provider for five years on any device. LogCPD allows you to add action items, record, store, email and print CPD activities.
Once purchased, this on-demand seminar will be available in your account (log in top left) and found under Available Downloads until 31/3/2017.
Alternatively, it is also offered as part of CPD for Me’s 10 unit packages, from $40 a unit.
This one hour seminar = 1 CPD unit for one fee earner only. Please contact us if you require other fee earners in your firm to watch and record this a part of their CPD requirements (additional charges will apply).
If you have any questions, please call 1300 273 463 or email email@example.com
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