English Court of Appeal Narrows Scope of Exemption to Money Laundering

Clarification overturns status quo and affects firms' approach to compliance and supply-chain due diligence. 

In this course, we will explore the intricacies of financial crime and anti-money laundering (AML) compliance, with a particular focus on recent legal developments that have significant implications for firms and compliance officers.

By the end of this course, you should be able to:

1. Identify the Court of Appeal's interpretation of the "adequate consideration" exemption under the Proceeds of Crime Act (POCA)
2. Identify the practical implications of the ruling on supply-chain risks and learn how to adjust due diligence processes to mitigate potential AML violations
3. Describe strategies for effectively submitting DAML requests to the National Crime Agency (NCA) and navigate the challenges associated with recent changes in the NCA's approach to DAMLs