The aim of this briefing session is to provide Senior Management (i.e. those who constitute a firm’s governing body) with a concise update on the implications, both for their firms and for them as individuals, arising from the Money Laundering Regulations 2007 (the Regulations), and ongoing obligations from other current legislation.

The FSA has already fined a CEO personally for failing to comply with existing requirements; it is therefore imperative that CEO’s, their equivalents and senior management colleagues in all regulated firms fully understand their collective and personal obligations, to avoid suffering a similar penalty.