Welcome to Money Laundering Compliance Limited
Bought to you by BTC Corporate and Compliance
Money Laundering Compliance Limited is a member of the Business Tax Centre Group of companies. We provide a range of business support services to the professionals in practice, including anti-money laundering and Bribery Act compliance. The company is run by qualified personnel in Accountancy, Business, Law and Money Laundering Compliance.
Benefit from a range of compliance support services including;
Customer verification, Publications, Consultancy, and Training
Our help and guidance services can actively support you and your business through the day to day compliance issues and help in systems development for supervisory purposes.
Bribary Act 2010
The new ‘Corporate Responsibility Offence’ within the Act has placed an extra burden of compliance on many firms. We can help your business achieve good adherence to the spirit of the Act though;
• Risk assessment
• HR and training requirements
• Internal policies, and
• Systems development
Latest News
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07.11.11 ICAEW Disciplinary Consent order made on 3 October 2011
November 8, 2011
Richard Braysher of 2 High Road, Eastcote, Pinner, Middlesex, HA5 2EW, the Investigation Committee made an order that the member be severely reprimanded, fined £5,000 and pay costs of £1,280
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04.11.11 Shah v HSBC: Court of Appeal Says the Identity of Staff Making SARs in Good Faith is Not Disclosable
November 4, 2011
The Court of Appeal in London ruled on 13 October that HSBC Private Bank did not have to disclose the identity of employees who had made internal reports which had led to suspicious activity reports (“SARs”) being filed with the authorities unless there was a firm suggestion on bad faith on their part.
The judgment is the result of satellite litigation arising from the more famous 2010 case of Shah v HSBC, in which the Court of Appeal ruled that parties which had suffered loss as a result of SARs being filed were entitled to demand proof from the regulated institution responsible that the suspicion on which the SAR was founded existed.
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11.07.11 Solicitor Jailed For Corruption
July 12, 2011
A Henley-on-Thames based solicitor is serving a 16 month prison sentence for abusing his professional position.
James Thorburn-Muirhead was sentenced on 29th June after a SOCA investigation revealed his links to a drug dealer, his involvement in the theft of clients’ monies and his failure to disclose information under the Suspicious Activity Reports regime.
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12.05.11 ICAEW Fine Accountant £5,000 for breach
May 12, 2011
At a Disciplininary Council meeting a Mr P R Honeywell FCA was found to have failed to comply with Money Laundering Regulations 2007 in that, following a practice assurance visit, he failed to:
(i) document a client due diligence review; and
(ii) identify clients for whom his firm, Honeywell (Monmouth) Limited, provides payroll services. -
26.04.11 Thousands of UK passports ‘thrown out with rubbish’
April 26, 2011
Some 10,000 passports a year are probably thrown in bins, says the UK’s Identity and Passport Service (IPS). Launching a campaign urging people to keep passports safe, it warns the same number are lost in bars and clubs.
