Welcome to Money Laundering Compliance Ltd
Brought 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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Landmark decision in Shah v HSBC Private Bank brings welcome relief for firms
May 17, 2012
After four and half years, six reported decisions, three trips to the Court of Appeal and 27 days of trial, the High Court of Justice has today dismissed in its entirety Mr Shah and his wife’s claim for over US$300m against HSBC Private Bank (UK) Limited. This is a landmark decision that confirms a bank’s [...]
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Coutts fined for failings in money laundering controls
March 27, 2012
Private bank Coutts has been fined £8.75m by the Financial Services Authority (FSA) for not taking adequate measures to prevent money laundering. The FSA said the failings “resulted in an unacceptable risk of Coutts handling the proceeds of crime”. The findings related to high-risk people, especially those whose political positions meant they were vulnerable to [...]
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Money Laundering Scam Alert
February 23, 2012
Money Laundering Scam Alert Some commercial electronic verification companies may contact you stating that all client due diligence verification must now be done electronically making paper copies no longer acceptable. This is just a marketing ploy and is not correct in any shape or form. The law and guidance on conducting client due diligence remain [...]
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Revised FATF Recommendations
February 23, 2012
The long awaited revised FATF Recommendations on International Standards on Combatting Money Laundering and the Financing of Terrorism and Proliferation was finally published on 16 February. Following several rounds of consultation the revised Recommendations contain no real surprises in the publishes outcome, but a lot of disappointment has been aired by various groups who feel [...]
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FATF Release new guidance
February 16, 2012
The Financial Action Task Force, the global standard-setter in the fight against money laundering and terrorist financing, has revised the Recommendations after more than two years of efforts by member countries. The Recommendations are used by more than 180 governments to combat these crimes.
