Why would you need an Anti-Money Laundering Policy Toolkit? For many UK organisations, registering with an anti-money laundering scheme is mandatory. Those with oversight for money laundering prevention are referred to as a Supervisory Authority. Examples of such authorities include the FCA, HMRC and the Gambling Commission. It is mandatory for those with AML obligations […]
Due diligence templates assist in the assessment, investigation and review of a service, business or individual. It involves validating those with whom organisations form a working relationship in order to ensure that they are verified and suitable. Due diligence is one of the foundations of any business and is mandatory in many regulated sectors. In […]
There have been so many amendments made to UK legislation post Brexit. As a result, there has been moutning confusion over which version is the current one. If you are unsure about the Money Laundering Regulation changes post Brexit, this article is for you! The Money Laundering, Terrorist Financing and Transfer of Funds (Information on […]
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 […]
Carrying out effective and compliant due diligence is not just for businesses with obligations under the Money Laundering Regulations 2017 or for those authorised or supervised by the FCA or HMRC. Most firms will be required to complete due diligence on suppliers, customers and/or employees to meet business and sometimes legal obligations. It is essential […]