Practice Update: Regulatory Compliance

by Michael Harris & Becky Reid

Revised and up to date for 2025. Accountants in practice are required to comply with some key UK regulations. This course gives you an insight into the UK's regulatory framework and how to follow it to help tackle money laundering, bribery, financial crime and data protection.

price £100+vat
cpd hours 4 CPD hours
access 120 days' access

This course will enable you to

  • Deploy anti-money laundering (AML) solutions to ensure compliance with UK regulations.
  • Ensure your firm complies with bribery and corruption laws.
  • Understand the UK legal and regulatory financial framework in order to safeguard you and your practice.
  • Adhere to data protection regulations to safely secure and hold client data.

About the course

Being a good accountant means going beyond just complying with standards, there is also the matter of the law! It's crucial for you to stay up to date with a range of legal aspects. This is especially true for the UK's regulatory framework concerning anti-money laundering, counter terrorist financing, and anti-bribery, as well as data protection.

This course looks at each of these areas and, by considering the policy-making framework, the role of the regulator and law enforcement, helps you protect your practice and your clients. The course is an overview of regulatory compliance, it is not advisory. It also covers data protection regulations concerning how you remain compliant when managing and collecting data.

Look inside

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Contents

  • Anti-money laundering
    • Keeping regulated
    • Money laundering and terrorist financing
    • AML regulation
    • What's this got to do with me?
    • UK regulations
    • Regulating AML
    • Understanding KYC
    • The risk-based approach
    • Breaking the rules
    • Record-keeping and reporting
    • The importance of data
    • The future
    • Lessons from the real world
  • Bribery and corruption
    • The risk
    • The history of anti-bribery laws
    • How the law works
    • Protecting from bribery
    • Implementing policy
    • Assessing the risk
    • Understanding the red flags
    • Consequences
    • It's not just bribery!
    • Creating an anti-bribery culture
  • Financial crime legislation
    • Accountants and the law
    • The Proceeds of Crime Act 2002
    • The Terrorism Act 2000
    • The UK Money Laundering Regulations 2017
    • The UK Bribery Act 2010
    • The Criminal Finances Act 2017
    • The Sanctions and Money Laundering Act 2018
    • The Economic Crime (Transparency and Enforcement) Act 2022
    • A steady ship
  • Data protection
    • Being aware of data protection
    • Data protection in the privacy age
    • Accountants and data protection
    • It's about more than just the GDPR
    • Data protection for individuals
    • A changing world
    • Data protection in the EU
    • AI and data protection
    • UK GDPR
    • Taking action
    • Going forward

How it works

Author

Michael Harris & Becky Reid

Becky Reid works with small- and medium-sized organisations, helping them to maintain, improve and grow their digital marketing activities. Michael Harris is an independent financial crime risk consultant at FCC Consulting, and works with technology and data companies who provide anti-money laundering and anti-bribery compliance solutions.

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Access to this course
Total CPD unitshourshours4 unitshourshours21 units20 hours21 hours1,500+ unitshourshours1,500+ unitshourshours
Access period120 days120 days12 months12+ months
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Monthly webinars, 15-minute CPD Bites, video interviews with industry leaders, and more!
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