We have designed 3 main anti-money laundering template packs for firms with differing needs and scopes. Starting with our standard Anti-Money Laundering Policy, which includes extensive content for HMRC, FCA and other supervisory body compliance. The pack also includes a detailed AML risk assessment template. Our complete AML toolkit is our bestselling AML package and […]
SMCR implementation does not have to be complex or expensive. Know Your Compliance Limited were the first company to develop FCA policies, procedures and manuals; offering our services and documents before the FCA took over regulation in this area. Our SMCR Toolkit has been designed to meet the regimes solo-regulated firm obligations and covers the core, […]
As the UK has written the EU GDPR into UK law (UK-GDPR) to be read alongside the DPA18, much of the former Regulation on data protection still applies as written to those processing personal data within the UK. The main area causing some confusion is GDPR Chapter V (Art. 44-50) on transfers of personal data […]
Both the GDPR and the UK’s Data Protection Act 2018 (DPA18) have now been in force since 25th May 2018, bringing with them stronger protections for individuals and their personal data. Much of the DPA18 writes the GDPR into UK law and provides additional rules and requirements for derogations and exemptions. It also contains requirements […]
The General Data Protection Regulation (GDPR) and Data Protection Act 2018 were enforced from 25th May 2018, introducing stronger, tighter controls & measures for protecting personal data and the rights of individual’s. Our extensive GDPR/DPA18 Audit Checklist has over 140 assessment questions and enables you to assess, review and evidence your data protection compliance and commitement […]
The FATF encourage the full use of a risk-based approach to customer due diligence which is essential in knowing who businesses are working with and on behalf of. Extensive and robust due diligence controls are one of the key measures in identifying money laundering risks and should form a large part of any AML […]
The Information Commissioner’s Office (ICO) have conducted a two-year investigation into the handling and use of personal data held by the 3 main credit reference agencies, Experian Limited, Equifax and TransUnion. The ICO found data protection breaches within all 3 agencies citing “significant ‘invisible’ processing took place, likely affecting millions of adults in the UK”. […]
Under the FSMA, the FCA were given powers to write Conduct Rules that would apply to most of the employees within a firm. Applied to the banking sector in 2016, the FCA have now extended the Senior Managers Regime to apply to all solo-regulated firms from 9th December 2019. The enforceable Conduct Rules set out […]
The FCA have now extended the Senior Managers and Certification Regime (SM&CR) to approx 47,000 firms from 9th December 2019, which includes senior managers and certification staff within those firms. The extension of the SMCR aims to make Senior Managers and certain employees within financial services organisations accountable for their own actions and competence. Those […]