What is money laundering?Money laundering is the process through which the proceeds of crime and their true origin and ownership are changed so that the proceeds appear...
Money laundering is the process through which the true origin and ownership of the proceeds of crime are changed so that the proceeds appear legitimate. The Proceeds of...
STOP PRESS:The Fifth Money Laundering Directive (5MLD) came into force on 9 July 2018 and EU Member States have until 10 January 2020 to give effect in national law to...
1 Introduction to the policy 1.1 [Firm name] is required to put in place appropriate systems and controls to combat money laundering and terrorist financing under the...
This timeline sets out developments in relation to anti-money laundering (AML) and counter-terrorist financing (CTF) regimes being implemented in the UK including the...
Scenario A: Politically exposed person You have been approached by a new client with instructions to assist in the purchase of a football club. The client is a high net...
Scenario A: Politically exposed person You have been approached by a new client with instructions to assist in the purchase of a football club. The client is a high net...
Individuals who have, or have had, a high political profile, or hold, or have held, public office, can pose a higher money laundering risk to firms as their position may...
Source of funds and wealth was a key focus of the SRA’s Preventing Money Laundering and Financing of Terrorism thematic review, published in March 2018. Its findings...
The provisions of General Data Protection Regulation (GDPR) and Data Protection Act 2018 (DPA 2018) create some challenges under the anti-money laundering (AML) and...
The law and red flags Circle the correct answer. QuestionMultiple choice answers 1. What is money laundering?(a) The process through which proceeds of crime and their...
How to use this test These questions are designed to test your understanding after your attendance at training on anti-money laundering and counter-terrorist financing....
Please click here for an Excel version of this register. General Insert course name/description and reason for training. Course name/description[Insert course...
This Practice Note contains a table with some specific examples of where legal professional privilege (LPP) and privileged circumstances are likely to apply and where a...
1 Large payments made in cash may be a sign of money laundering or terrorist financing. 2 You must not accept any funds (cash or otherwise) from a [customer OR client]...
1 Instructions on completing this form If during the course of completing CDD checks you discover a discrepancy between the beneficial ownership information the client...
Instructions for completion When do you have to complete this form? You must complete this form for all new clients[ who are subject to the anti-money laundering (AML)...
Instructions for completion When do you have to complete this form? You must complete this form for all new matters[ that are subject to the anti-money laundering (AML)...
This Practice Note is a one-stop shop for customer/client due diligence (CDD) resources in the USA that saves time and effort by taking you straight to the relevant...
This Practice Note is a one-stop shop overseas customer/client due diligence (CDD) resource that saves time and effort by taking you straight to the company registry for...
This Practice Note details the challenges that names from different cultures can present to compliance teams when it comes to the customer/client due diligence (CDD)...
1 Introduction Evidence of identity can be obtained in a number of forms and come from a number of sources. Whatever evidence you rely on, it must cause you to be...
This Practice Note explains counter-terrorist financing (CTF), including the offences and obligations contained in the Terrorism Act 2000 (TA 2000) and related...
A: General information Review period[Insert review period] Date of review[Insert date] Person(s) conducting review[Insert name(s)] B: Data CriteriaIn the last [insert...
Employers may wish to know whether a prospective employee has a criminal record, for example because: • it reflects on the employee’s character and suitability for the...
This table ties together source of funds and source of wealth requirements and recommendations contained in the Money Laundering Regulations 2017 (MLR 2017), as amended...