AML Policy Template | Anti Money Laundering Template | Policy Template for AML

AML Policy TemplateKnow Your Compliance Limited provide professional and compliant Anti Money Laundering (AML) Policy templates for all industries that can be fully customised and corporate branded. The standard AML Policy template pack also includes an MLRO template and AML risk assessment in the policy pack.

Organisations and their employees are obligated to combat money laundering across a broad spectrum, including financial transactions. This includes operating in a transparent way with risk assessments, AML monitoring and reporting on business functions and activities. Money laundering is the term used to describe the process or act of disguising or hiding the original ownership of money that has been obtained through criminal acts such as terrorism, corruption or fraud. Such monies are then moved through legitimate businesses or sources to make it appear ‘clean’.

Anti Money Laundering (AML) Policy Templates

What is Financial Crime?

Businesses with obligations under the Money Laundering Regulations have to a duty to identify, mitigate and prevent financial crime within its services and activities.

Financial crime is any kind of criminal conduct relating to money or to financial services or markets, including any offence involving: –

  • Fraud or dishonesty
  • Misconduct in, or misuse of information relating to, a financial market
  • Handling the proceeds of crime
  • The financing of terrorism
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AML Supervisory Authority

Your organisation needs to be monitored by a supervisory authority if the Money Laundering Regulations apply to your business type. Such supervisory authorities include the FCA, HMRC and Gambling Commission who have their own rules for AML compliance in addition to those required under the MLR17. You can read more about your AML supervisory authorities guidelines and requirements by visiting their website. For those with AML obligations under the FCA or HMRC, we have linked to the respective pages below.

https://www.fca.org.uk/firms/financial-crime
https://www.gov.uk/guidance/money-laundering-regulations-who-needs-to-register