Anti-Money Laundering responsibilities are a real concern. If you get it wrong the police could even be knocking at your door. It is a personal responsibility of the Money Laundering Reporting Officer
Keeping up to date and then ensuring that policies and procedures are updated in good time is difficult and a constant worry. In addition, the SRA is telling us that they will tighten up its inspection regime!
Regulation 18 of the money laundering regulations requires firms to take steps to identify the risks of money laundering and terrorist financing that are relevant to it. Your Firmwide Risk Assessment must be in writing, kept up-to-date and must be provided to the SRA on request.
We can help you. We carry out a review of your current policies and procedures, provide you with a report on what needs to be done in accordance with the current regulations and provide you with a draft tailored Firmwide Risk Assessment.
This is a project with a one-off charge payable up front.
What we will doA remote review of your current Anti-Money Laundering policies and procedures against the current regulatory requirements with a report on what needs to be done to bring them up to date. It will include a review of your website. This will be done from documentation supplied by you by email. We will send you a list of what is required. We will also provide you with a draft Firmwide Risk assessment as required by Regulation 18 of the Money Laundering Regulations. You will then need to make the final tweaks to adjust this to your requirements. All work is carried out remotely. Unless by separate arrangement. |
Our Chargers
£300 + VAT |
Please Click Here for a Downloadable PDF Version.