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Deal with a bounce back loan

Bounce back loans (BBLs) and the Coronavirus Business Interruption Loan Scheme (CBILS) came to the rescue of many businesses in 2020, but not all applications were genuine or appropriate. HM Treasury has estimated the loss to the tax payer runs into billions of pounds. As IPs, it is our obligation to investigate on appointment, and there’s a current focus on the mis-use and recovery of BBL and CBILS lending.

Description

Bounce back loans (BBLs) and the Coronavirus Business Interruption Loan Scheme (CBILS) came to the rescue of many businesses in 2020, but not all applications were genuine or appropriate.  HM Treasury has estimated the loss to the tax payer runs into billions of pounds.  As IPs, it is our obligation to investigate on appointment, and there’s a current focus on the mis-use and recovery of BBL and CBILS lending.

In this webinar we will look at an IP’s responsibilities and obligations to investigate BBL and CBILS debt, and consider the practical steps required when completing AML and Ethics checks, SIP 2 investigations in practice and CDDA reporting.

Recorded 27 January 2023

CPD Learning Outcomes

  • Overview of BBL and CBILS qualifying criteria and how to check these were met
  • How to source the original application form
  • BBL and CBILS declaration pre-appointment – impact on accepting appointment and what you need to consider
  • Tracking the use of funds borrowed - what to look for and how to check
  • Reporting BBL and CBILS mis-use – how to report in relation to AML, NOCLAR, SIP 2 and CDDA
  • Practical suggestions for recovery of sums misapplied

Who Should Attend

Anyone looking for an introduction to the issue of misuse of BBL and CBILS, lending and/or a practical approach to dealing with recovery of sums for the benefit of creditors.

Cost

£50 + VAT per person 

Webinar fee includes electronic version of course documentation.

50% reduction for every third one hour session you book.

What our clients say

"Another excellent value for money training programme"

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