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.