Our Services
Anti-Money Laundering: Training, Compliance & Support
How Money Laundering Affects Business
- The UK is the 9th most attractive money laundering country in the world
- Over 7% of the UK’s GDP is accounted for by money laundering
- Recent research suggests:
- 66% of UK businesses are failing to comply with new money laundering regulations
- 45% of IFAs, 77% of luxury good companies and 97% of car dealers are not compliant
How Money Laundering Affects You
It is therefore very likely that you are seeing some of these proceeds of crime in the transactions of your clients. What’s more, the law now expects you to be able to identify suspicious activity and places a personal liability on you if you fail to do so.
The impact on your business could therefore be:
- Loss of your professional and personal reputation
- Loss of your future income
- Ultimately the loss of your liberty
NEW: Anti-Money Laundering Training, Compliance & Support Services
This new service therefore provides you with:-
- Effective initial and refresher training for you and your staff.
- A confidential help desk providing immediate practical advice on all relevant issues.
- Tailor-made systems to help you ensure compliance with the law.
- Ongoing support and reviews of your compliance.
- Assistance with preparing NCIS notifications when necessary.
Your Unique Service Provider - John Horan
John Horan is recognised throughout the UK law enforcement and banking industries as both an expert in the investigation of money laundering and a top trainer on compliance with POCA. You will have the advantage of his experience as a detective for 24 years the last 10 years of which were as a financial investigator specialising in money laundering. He has investigated offences at all levels including an international organised crime nexus and his cases have been the subject of TV documentaries and a book.
CRIME OF THE CENTURY
Exclusive Heist of the Century
John was contacted by media and press nationwide to comment on Britain's biggest cash heist in Kent in February 2006. To view John's comments in the press articles, click on the following links to the relevant newspapers:
The Evening Times
The Times
The Guardian
The Independent
The Mirror
Northern Bank Heist
As a leading anti money laundering expert in Northern Ireland, John was guest speaker on a number of local and national television and radio programmes relating to the bank robbery.
"They have a massive headache. They have been the victims of their own success." says Mr Horan.
To view full article, click on the following link
BBC News
John’s training is unique and draws on real life experiences to make a potentially dry subject fascinating and enjoyable. He is a fascinating and entertaining orator and you will enjoy his many anecdotes which bring to life the material he teaches. You will also have the benefit of his experience of delivering training to the major banks and building societies in Northern Ireland as part of their ongoing internal awareness and training programmes, as well as his training of detectives from all over the UK in financial investigation.
Ongoing confidential support and advice as issues arise
You’ll have the backing of John’s comprehensive knowledge of NCIS procedures and his worldwide network of key contacts. These include close working relationships with key officers in NCIS, both locally and across the UK. All your conversations will of course be treated with the normal professional confidentiality you would expect from a leading firm of Chartered accountants.
Having now joined Harbinson Mulholland, he is uniquely placed to act as a confidential sounding board and advisor. This helps you reduce the burden of compliance and the worry of breaching the new legislation. The responsibility for compliance with the law remains with your Money Laundering Reporting Officer, (MLRO) but John can save you valuable time by dealing with the compliance and reporting, enabling you to focus on money making activities.
You will also be tapping the experience John has had over the past 5 years where he has been acting as a senior advisor and mentor for all current and new financial investigations in the PSNI. We provide you with the systems, train your staff and then help you handle issues as they arise through the year by filtering these and acting as a compliance department for you. You gain the peace of mind that your compliance and reporting is done right and it saves your MLRO time and hassle.
Contact John Horan today on 9044 5100 or
email jhoran@harbinson-mulholland.com
ANTI-MONEY LAUNDERING TRAINING COURSE
We don’t provide you with a standard seminar, or typical CD-rom with checklists and pre-framed letters that your staff simply browse through in order to become ‘trained’.
We understand that if you are a business owner, the personal liability is on you to ensure that your staff understand fully how to spot ‘suspicious’ behaviour. And simply reporting all possible cases, is not an option. In fact, this type of defensive reporting could leave you open to legal proceedings.
Due to the nature of the compliance procedures requiring you and your staff to be vigilant and proactive in your approach, we believe the training required, has also to be a little bit different.
This training session is interactive and peppered with real-life examples which bring to life what can be a dour and lifeless subject, making it interesting and memorable. Tailored to each individual company, confidentiality is guaranteed.
The breakdown of the days training is as follows:
- Understanding Money Laundering and the Proceeds of Crime Act
- Who launders money
- What money laundering is – the perception and the reality
- Why criminals launder and how they do it
- Prevention
- The Legislation
- The PSNI
- Compliance in Practice
- Checks and procedures you must put in place
- ‘Defensive Reporting’ – why it isn’t okay to report everything
- ‘Suspicious activity’ – why you should report activity, not just transactions
- Confidential discussion sessions
- Feedback and questions
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