Adding Value with Training and Competence
Our training and e-training programs and expertise team can help you out by modulating program as per your needs and ensure your team receives the training they need.
Our team is made up of specialised skilled professionals who are well experienced in creating and delivering training programmes for financial services firms just like yours.
This is most beneficial to your organisation as it means you will concentrate on running your business whilst we ensure your staff have the necessary skills and knowledge to perform their roles correctly and effectively.
Our professional training and e-training programs
Training- Inseparable part of compliance! Our range of training programs have three types of training courses
AML Training
The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 specifically require to give regular training to all relevant staff.
Consumer Credit Training
The course will provide an overview and understanding of the FCA and Consumer Credit Act (CCA) regime and will explain how it differs from regulation under the OFT.
Approved person(s) Training for FCA Regulated Business
An approved person is someone who is approved to perform a 'controlled function' for an authorised firm or an appointed representative firm.
AML (Anti Money Laundering) Training
The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 set out a number of 'relevant requirements' that apply to all firms and institutions conducting regulated business:
These include a requirement to provide regular ongoing training to staff in Anti-Money Laundering, Terrorist Fanancing and related data protection matters, and to keep a written record of the training provided.
Failure to meet any of the relevant requirements is a criminal offence – both for firms and for responsible managers.
Why is AML training necessary?
The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 specifically require to give regular training to all relevant staff.
With top-quality compliance training, ABM Digital Training provides AML & CFT Training. Certified and highly professional instructors deliver all training courses.
Specifically, the Regulations require that 'all relevant employees' receive regular training and ABM training program covers all that content as mentioned below:
- The Money Laundering Regulations 2017 - awareness of the Law and Regulations on Money Laundering and Terrorist Financing, types of financial crime, the key stages of Money Laundering, indicators of Money Laundering, to operate a risk based approach to assessing the risks of Money Laundering and Terrorist Financing, business responsibilities and regulation requirements..
- The Proceeds of Crime and Terrorism Acts - recognising activities and transactions which may be suspicious, the knowledge of offences under the acts and awareness how to report Money Laundering officially.
- The HMT Financial Sanctions List and Client Identification – Knowledge of Financial Sanctions, KYC, CDD, EDD and dealing correctly with instances that arise.
- And awareness of the risk of IT systems being abused and relevant data protection requirements.
- Record Keeping and Training - the importance of keeping appropriate records for potential investigations and ensuring that all relevant employees are trained.
Consumer Credit Training
The role and practice of the FCA as regulator of more than 50,000 firms providing Consumer Credit.
The course will provide an overview and understanding of the FCA and Consumer Credit Act (CCA) regime and will explain how it differs from regulation under the OFT.
The course will cover:
- Consumer Credit Act regulated activities
- Exempt activities
- Exempt activities
- Alternatives to Authorisation
- Applying for Authorisation
- The Financial Ombudsman Service
- The Consumer Credit Sourcebook
- Interaction with the new second charge regime
- The remaining provisions of CCA legislation
Are you looking for Total Compliance Solutions?
Approved Person(s) Training For FCA Regulated Business
What is an Approved Person?
An approved person is someone who is approved to perform a ‘Controlled Function’ for an authorised firm or an appointed representative firm. To be approved to perform a Controlled Function, you must satisfy FCA that you can meet, and maintain, the criteria for approval (the fit and proper test (FIT)) and then perform that Controlled Function in line with a set of standards (the Statements of Principle and Code of Practice for Approved Persons (APER)).
What is a Controlled Function?
The Controlled Functions are those roles for a FCA regulated business that have a particular regulatory significance. An example is being a director of a regulated firm or overseeing the firm’s systems and controls and being responsible for compliance with the FCA’s rules.
There are different Controlled Functions relevant to different businesses, depending on the particular regulated activities they carry on. So no firm will need to perform all the functions.
