On Demand Training Videos

As an Org Plus Plan subscriber, you have unlimited access to the On Demand training library of pre-recorded training videos. You can watch these as many times as you like at your own leisure. Questions can be posed to trainers during and after the video, with responses being provided within 2 working days. Ensure you’re logged into your account to access.

For non-subscribers and all other plan subscribers, access can be purchased separately.

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Speaker: Jo Morris

Length: 1 Hour

Published July 29, 2023 Last Updated on July 29, 2023

Who is this training for?

This online workshop is for MLRO/MLCO, compliance teams and anyone else involved in preparing this document e.g. heads of practice areas.

Purpose of this training?

The firm-wide risk assessment is one of, if not the, most important AML documents you will have in your business. It is often described as the backbone of money laundering compliance in your firm. Once this is in place all your policies and procedures, training and due diligence will flow from it.

Regulation 18 of the Money Laundering Regulations 2017 made it a legal requirement that all firms subject to the regulations must have this written document in place. It helps to identify the risks your business faces and yet the SRA say that a lot of us are still not getting it right.
Templates may be used but it must be made very specific to your business and must be personalised to suit your firm.

The regulations tell us the five key areas to focus on – clients, geographic, products and services, transactions, and delivery channels but there are many other elements that need to be considered including proliferation financing (LSAG guidance March 2023)

If you were to get a visit from the SRA tomorrow would you and your staff be happy talking your way through this document?

This live and interactive session will cover the following:

  • Regulation 18 of the MLR 2017 – legal requirement
  • The National Risk Assessment (NRA) and Sectoral Risk Assessment – things to consider
  • Planning the firm wide risk assessment:
    • Do I want to use a template?
    • What questions do I need to ask?
    • Who else needs to be involved in preparing the risk assessment?
    • Where can I get my information from?
    • What do I need to include?
    • NEW – proliferation financing risk assessment
  • What resources can I use to help with putting this risk assessment together – sector specific guidance
  • Living document – how often do I need to review and update?

Practice notes and training sessions represent the Association of Legal Compliance & Accounts’ view of good practice in a particular area. They are not intended to be the only standard of good practice that firms can follow. 

Practice notes and training sessions are not legal advice, and do not necessarily provide a defence to complaints of misconduct or poor service. While we have taken care to ensure that they are accurate, up to date and useful, we will not accept any legal liability in relation to them.

Frequently Asked Questions

Why Online?

All ALCA online training is delivered live, interactive and is recorded. We bridge the gap between ‘face-to-face’ and online training by applying a blended approach. Questions can be posed to trainers throughout the workshops with quizzes/polls being used to engage with attendees. 

Workshops can be continuously replayed for 30 days after broadcast. 


  • Reduced cost
  • Can be taken anywhere on any device – no travel time or cost
  • Shorter and more efficient than face-to-face 
  • Live and interactive
  • Recorded and can be replayed at your leisure

Depending on your subscription and the length of the workshop, the pricing is as follows:


Online (1 hour)

Online (2 hours)

Online (3 hours)

On Demand






No Access

No Access




No Access

No Access






Our online workshops are delivered via Zoom. You can access the session via your computer, tablet or mobile device.

We recommend you run a system test and check your internet speed by clicking HERE.

If your firm prevents you from using Zoom, please contact us.

There is no requirement to attend live but we advise that you do where you can as this will be the best experience for you. Don’t forget, you can pose questions live to the trainer and join in with the interaction when you attend live. Also, be mindful that you have access to the recording for 30 days, after which, it will no longer be available.

Not at all. We prefer it if candidates do as it makes the training more engaging but it is not mandatory to turn your camera or microphone on during the training session.

If you don’t have a microphone, you can still pose questions using the chat facility.

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