ICB’s latest MLR on Monday webinar takes a deep- dive into due diligence and asks how far you need to go to really know your clients.
Whether meeting a new client for the first time and beginning to populate your AMLOnline risk assessment, or visiting a regular client, as an ICB bookkeeper you are expected to look out for the signs that something is not what it seems, or perhaps something has changed but nobody thought of mentioning it to you. When clients begin doing something different or something not in line with what you know to be their normal line of business, or they do something that needs a bit more information so that you can get a proper handle on what’s going on.
Why do you need to ask; when do you need to ask; what do you need to ask?. And why is it any of your business?
The incidences of ICB members identifying actual money laundering and terrorist financing have thankfully been very small in number, but when it happens it can be quite a shock to the system. That’s why ICB does all it can to make you aware of what it looks like and then supports you through the process of reporting it and making sure that you have acted correctly. Whilst money laundering might have affected only a very small proportion of ICB members, they have certainly come across fraud, tax evasion and other fiddles that could be predicate offences to full blown money laundering. In some cases, clients have tried to use ICB members to make something look legitimate
In the webinar, the ICB AML Compliance Team will talk you through the whole process and explain what money laundering might look like, how you deal with it, and what support you can expect from ICB.
So whether to are new to bookkeeping and think you know nothing, or have been around the block for years and think you know it all, this webinar will either teach you something new or confirm that what you are doing is correct.
See you there.
