AML High Risk Countries

Building blocks spelling out risk?

High-Risk Countries Regulations The Money Laundering and Terrorist Financing (High-Risk Countries) (Amendment) Regulations 2024 came into force on 24th January 2024. It makes alterations to Regulation 33(3)(a) of The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR). Prior to this date, countries posing a higher risk of money […]

Anti Money Laundering Policy Templates

AML wheel tool with icons

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 […]

Suspicious Activity Report Template

Suspicious Activity Report Template

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 […]

AML for Annex 1 Registered Firms

Suspicious Activity Report Template

Introduction Anti money laundering (AML) compliance in the UK is overseen by appointed supervisory authorities. AML for Annex 1 registered firms has recently come under scrutiny by the FCA after their assessment into money laundering prevention processes. The regulator found cases of discrepancies between the registered and actual activities carried out by firms. In addition, […]

Templates for Anti Money Laundering (AML)

Templates for Anti Money Laundering (AML)

Market Leading AML Policies & Controls Are you looking for templates for anti money laundering (AML)? If so, look no further! Know Your Compliance Limited is one of the UK’s top providers of customisable AML templates and policies. With nearly 10,000 firms already using our regulatory policy documents, you’ll be in good company. AML compliance […]

Fraud Risk Assessment Example

Fraud Risk Assessment Example

This article written by Know Your Compliance Limited gives an overview of a fraud risk assessment example and provides guidance on the fraud risk assessment process. If you are looking for customisable fraud prevention policies, jump straight to our Anti Fraud Template Toolkit. What is Fraud? Fraud is any intentional deception that results in financial […]

Due Diligence Client Risk Assessments

Due Diligence Client Risk Assessments

What is Due Diligence? Why do you need to perform due diligence client risk assessments?  Customer due diligence is the assessment, investigation and review of a supplier, business or individual with whom a company intends to form a business relationship. However, in addition to standard due diligence, part of the customer due diligence process is […]

Anti Money Laundering Compliance Checklist

Anti Money Laundering Compliance Checklist

How do you know if you are complying with your Money Laundering Regulations (MLR) obligations? Why Use an AML Compliance Checklist? The rules in the MLR are extensive and when added to those of AML Supervisory Authorities, such as the HMRC and FCA, the scope is even broader. You want to be sure you are […]

Anti Money Laundering Templates for Small Firms

GDPR CCTV Policy Template

Anti Money Laundering templates for small firms should provide ready-to-use content that is easily customised. Many of the smaller firms who have obligations under the Money Laundering Regulations are supervised by the HMRC. However, some have other supervisory authorities such as the FCA or professional bodies. Whoever your AML supervisor is, you will need to […]

Third Party Reliance Templates

Third Party Reliance Templates

What is Third Party Reliance? Using third party reliance templates enables you to meet your AML and due diligence obligations whilst complying with the mandatory regulations. Third party reliance does exactly what it says, it enables a relevant person to rely on a third party for carrying out certain due diligence measures. Part 4. Section […]