Why buy GDPR policy template packs instead of writing them yourself? The simple answer is so that you can spend more time, money and resources doing what you do best! Write vs Buying Policy Templates If you process personal data, your GDPR program will be a significant policy and procedure framework within your organisation. A […]
Free Template for MLRO Report The Financial Conduct Authority (FCA) have reporting rules and requirements set out in the ‘Senior Management Arrangements, Systems and Controls (SYSC)’ section of their handbook. This free template is aimed specifically at those relating to financial crime and anti-money laundering. The Money Laundering Reporting Officer (MLRO) under the FCA is […]
Businesses with data protection obligations can always rely on the Information Commissioners Office (ICO) when it comes to providing guidance and advice. The latest offering from the ICO is extensive guidance on the new Data (Use and Access) Act 2025 (DUAA). The ICO have provided simple, easy to understand information about the DUAA and how […]
Where a business has obligations under the Money Laundering Regulations (MLR), they must use a risk-based approach to identify, assess and prevent money laundering. Carrying out an AML Risk Assessment involves several steps, which can include (but are not limited to): –
– Identifying the money laundering risks relevant to your business.
– Completing a company-wide risk assessment which includes areas such as delivery channels, transactions, products/services, customer behaviour etc.
– Assessing the risks associated with your customers.
Defining Client Risk Most firms have some form of obligation to carry out due diligence on new and existing clients. This can be to comply with the Money Laundering Regulations, for contract compliance or to meet industry standards. Standard due diligence covers general onboarding questions and verification. However, how does a business know if an […]
Why Use an AML Audit Checklist? Any good audit checklist should enable you to carry out a gap analysis of your anti-money laundering compliance. The AML audit checklist should cover the mandatory rules and requirements set out by the Money Laundering Regulations (MLR), including any amendments. It should also allow you to assess compliance with […]
Why use a Suspicious Activity Report Template? It provides the confidence to know that you are collecting, documenting and submitting the right data, in the right format, to the right governing body. It will also save you time and money buy joining 10,000+ firms who already use our templates! Reporting Suspicious Activities Businesses with obligations […]
This free GDPR information audit template is already used by thousands of firms with obligations under the UK GDPR. We have designed it to comply with current data protection legislation, which includes the recently enforced Data (Use and Access) Act 2025. The template is provided free by Know Your Compliance Limited and does not require […]
DUAA Summary The Data Use and Access Act 2025 (“the DUAA”) does not mean starting over with data protection policies and procedures. Rather, it updates some on the existing legislation and regulations and aims to provide simplicity in certain areas. The Act adds to and in some cases updates existing UK data protection laws such […]
Anti money laundering policy templates will save you time and money. Understanding and complying with the Money Laundering Regulations (MLR) is a complex and time consuming facet of running a business. Many sectors and industries have obligations under the and are supervised by approved governing bodies. The main Supervisory Authorities for money laundering are HMRC […]