Anti-Money Laundering January 31, 2009
Posted by Simon Webber in anti-money laundering, compliance training, management systems and controls, strategic compliance, styperson pope, Uncategorized.Tags: aml, authorised, british bankers association, cf11, compliance advice, compliance advisor, compliance awareness, compliance consultancy, compliance consultant, compliance director, compliance interim, compliance manager, compliance officer, compliance report, compliance review, financial crime, financial crime prevention, financial services authority, fsa authorisation, fsa authorised, fsa authorised firm, fsa compliance, fsa reporting, fsma, head of compliance, hmrc, interim compliance, interim compliance officer, jmslg, joint money laundering steering group, know your customer, kyc, money laundering, money laundering reporting, money laundering reporting officer, money laundering rules, office of fair trading, oft, regulated activity, regulated environment, regulatory advice, simon webber, soca, stypersonpope, unauthorised, unauthorised firms, Uncategorized
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All FSA-authorised firms are required to ensure that their businesses are not used to facilitate financial crime. Since December 2007, many unregulated companies have joined them, becoming responsible to other regulators including HMRC and the Office of Fair Trading (OFT).
The Joint Money Laundering Steering Group (JMLSG), part of the British Bankers’ Association (BBA), has devised rules for all of these businesses to follow in their anti-money laundering efforts. Because of our familiarity with these rules, we can prepare appropriate procedures based on your business’ exposure to the risk of financial crime. We can tailor these to fit your existing business processes and ensure that they are easily understood, implemented and overseen.
We are able to offer the services of an FSA and HMRC-approved Money Laundering Reporting Officer who can oversee the processes we implement and report to your Board, SOCA or you relevant authority as required.
If you would like to discuss any aspects of money laundering reporting, please call or e-mail Simon Webber, our Managing Director.
