Ever typed “where to buy business policy templates” into Google? If so, you will have come up with thousands of search results. However, knowing where to buy templates versus which ones are the best are two different questions. If you have used that search term, or something similiar, you will have noticed that Know Your […]
GDPR & Data Protection, General Blog Articles, Information Security
How To Write a Business Continuity Plan Template
20
Nov
Nov
Want to know how to write a business continuity plan template that is effective? Many businesses don’t think such a plan is important – until it is! The procedures you develop for disaster recovery may well save your business one day. Operational Resilience Operational resilience is the ability of a business to identify, control, mitigate, […]
17
Nov
Nov
Why would you need to carry out a TCF self-assessment? If you are regulated by the Financial Conduct Authority (FCA) you will have obligations under the ‘Responsibilities to Customers‘ rules. Dependant on your business and permission type, you may also have similar obligations under the Consumer Duty rules. Treating Customers Fairly (TCF) remains one of […]
14
Nov
Nov
The FCA skills, knowledge and expertise is referenced under the compliance arrangements and procedures section of the authorisation application. It is also relevant to the FCAs training and competence requirements and the Senior Managers and Certification Regime (SMCR). Those applying for FCA authorisation will need to confirm that they have measures and controls in place […]
14
Nov
Nov
This short article provides example FCA regulatory business plan criteria and headings. If you are going through an FCA authorisation application, you will need to submit your completed regulatory business plan during the application submission. The plan’s aim is to provide the regulator with information about the regulated activities you intend to carry on, evidence […]
13
Nov
Nov
HMRC Money Laundering Regulations are not actual regulations. However, HMRC are one of the supervisors of businesses with obligations under the Money Laundering Regulation 2017 (MLR). Certain sectors, such as estate agents and accountants, need to register with HMRCs anti money laundering scheme. Your HMRC AML Responsibilities Your responsibilities under money laundering supervision if you […]
Anti Money Laundering, Audit Checklists, General Blog Articles
Anti Money Laundering Gap Analysis Checklist
10
Nov
Nov
Excel is the perfect tool for creating an anti money laundering gap analysis checklist. It provides ease of use, compatibility and flexible options for customisation. You often need a large number of self-assessment questions to identify gaps and evidence compliance. Therefore, using an Excel based checklist can make all that data simple! Spreadsheets provide useful […]
05
Nov
Nov
A money laundering compliance manual is a set of anti money laundering (AML) policies and controls that make up a businesses AML compliance framework. At a minimum, it should consist of an AML policy, business wide risk assessment, suspicious activity reporting procedures and an anti-bribery & corruption policy (ABC). However, if you’ve glanced at or […]
05
Nov
Nov
Are you wondering if you will need to register with HMRC for money laundering supervision? This quick guide will tell you all you need to know and provide you with some links to useful information. AML Supervisors If you are a business or individual who has obligations under the Money Laundering Regulations (MLR), you will […]
Compliance with the MLR and HMRC Those in the accountancy sector are required to comply with the Money Laundering Regulations (MLR) in the UK. With this in mind, business types such as accountants, tax advisers, bookkeepers and insolvency practitioners all have AML obligations. Having an effective and compliant Anti Money Laundering Policy template can save […]