Professional Services Training

Insolvency Practitioners Delivering Insolvency Training

NTI is an insolvency and restructuring training and services company, run by insolvency professionals for insolvency professionals and their businesses.

We are not just practitioners, we are professional trainers who intimately understand the job you have to do, the challenges you meet and the things you need at your fingertips to enable you to function properly.

We have developed a number of essential service offerings and training sessions to enable you to comply with Government and Insolvency Service regulations, and to critically keep up to date at all times.

Practice Solutions Package

NTI have designed and produced a Practice Solutions Package for busy practitioners who need no-nonsense, ready-to-go training, checklists and webcasts to save time, build efficiency and train their teams to be compliant and effective at all times.

Each of the packages can be purchased separately, or as a complete package.

They include:

AML Firm Risk Assessment Package

• AML Risk Assessment webcast - what to do and how to do it
• AML company policy document
• AML staff controls and procedures document
• AML suspicious activity report controls and procedures
• AML firm risk assessment document
• MLR17 responsible managers/deputy managers responsibilities document
• Record of MLRO appointment

Updated Ethics Package

• Three training webcasts for your use and that of your staff
• A full ethics checklists which is fully IPS coded and simple to use

GDPR Package

• Full training on GDPR for old and new staff by webcast
• All necessary documents, such as books and records policy, destruction policy, etc.

The Cost

Each individual Package costs £175 (ex VAT). If a business buys all three packages the cost is just £500 (ex VAT).

Staff AML Training

NTI present the only Money Laundering and Terrorist Financing Course, specifically aimed at insolvency professionals.

Money laundering is an area focused on by the Regulators, so it is essential that all members of your team keep completely up-to-date.

Advantages

The advantages of the course:

• It is fully compliant with current Money Laundering Regulations, including the 2019 Amendment Rules
• It is packed with practical advice on how the Regulations impact insolvency case workers, from dealing with clients to dealing with cases
• It will ensure your team members are up-to-date in the most effective and practical way possible
• It is split into six webcasts, and a total of approximately two hours
• All webcasts can be delivered online and viewed at the firm’s convenience
• There is a final test to check knowledge and understanding

It is recommended that staff complete regular money laundering training at least every two years, or as and when the rules significantly change.

Course Content

• Part 1: Money Laundering and the Global Framework

  An overview of money laundering and terrorist financing definitions and offences, and how organisations world wide join together to combat criminal activity and the proceeds of crime.

• Part 2: The Risk Based Approach

  Considers the definition of a regulated business and assessing the risk of money laundering in higher risk industries, what we can look out for and how we can assess the risk of money laundering for each client.

• Part 3: Customer Due Diligence

  Covers all levels of customer due diligence and how due diligence is to be completed for companies and individuals following your risk assessment of the client.

• Part 4: Indicators, Responsibilities and Penalties

  Identifies indicators of Money Laundering and Terrorist Financing, considering individual and firm responsibilities and the penalties of breaching the regulations.

• Part 5: Practical Considerations for the Insolvency Profession

  Focuses on how the regulations affect the insolvency profession and covers specific examples of what to consider throughout the risk assessment and due diligence process. Consideration is also given to selling assets, relationships with third party agents and who is ultimately responsible for due diligence.

• Part 6: MLR 2019 Amendment Rules

  A review of the Money Laundering and Terrorist Financing Amendment Rules 2019 and a comparison with the 5th Anti-Money Laundering Directive from the EU.

Test

At the end of the course is a test which includes 15 multiple-choice questions based on the information presented throughout the course. On passing the test, you will get a sort after certificate of completion.

The Cost

Just £45 (ex VAT) per person.