Last month, the Financial Conduct Authority (FCA) handed out a £37,805,400 fine to the London branch of Commerzbank AG for significant failings related to anti-money laundering controls and measures. This costly fine included a 30% discount, as the firm offered to settle at an early stage of the investigation. The full fine without an early […]
If you have obligations under The Money Laundering Regulations 2017 (MLR17), you will need to have compliant policies, measures and processes in place to meet those obligations. Whether your Supervisory Authority is the FCA, HMRC or Gambling Commission, many of the requirements set by these bodies come from the MLR17 and require firms to have […]
Are you looking for a market leading anti money laundering checklist? If, so look no further! Our policies and checklists are used by more than 11,000 businesses and are fully customisable and ready to use. Completing an AML Gap Analysis means you can assess your current compliance with the Money Laundering Regulations. Our AML checklist […]