The Proceeds of Crime and Terrorism Acts Certification
The Proceeds of Crime Act (POCA) 2002 and the Terrorism Act (TACT) 2000 are key pieces of legislation that were drawn up to assist the UK government to identify instances of money laundering and terrorist activity.
These laws also lay out a set of obligations for those who suspect they may have come across money laundering or financial activity relating to terrorism. In this course, you will learn about the main points of both Acts and the practical ramifications for business owners.
You Will Learn:
-
The purpose and scope of the Proceeds of Crime Act (POCA) 2002 and the Terrorism Act (TACT) 2000
-
The five obligations set out by the UK money laundering regulations, including the duty to keep proper records and providing staff with appropriate training
-
How money laundering and terrorism are connected and the main points within the TACT legislation
Benefits of Taking This Course:
-
If you are a business owner in the UK, this course will help you meet your obligations under money laundering and anti-terror laws
-
If you are a nominated officer at your place of work, this course will help you understand your responsibilities and decide when and how to make a report
-
If you work in the financial sector, you will benefit from this insight into two key pieces of legislation that prevent and penalise money laundering
-
If you are interested in the impact of terrorism on society and commerce, this course will provide you with useful background information on how UK legislation attempts to identify and tackle terrorist action
