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.
The Money Laundering Regulations are an integral part of the UK Governments fight against serious and organised crime. The Money Laundering Regulations are a part of the UK Governments action plan to disrupt and deter financial crime and possible terrorist financing through reducing the likelihood of legitimate businesses being used, knowingly or unwittingly, for money laundering purposes. The Regulations require all obliged entities to be registered for supervision by the appropriate supervisory body. At Money Laundering Compliance, we provide a range of anti-money laundering services to professional companies that include top 50 UK Accountancy practices to Sole practitioners in many sectors including estate agents and high value dealers.
Steve O’Neill of the Business Tax Centre Group is a member of the International Compliance Association which has set the market standard for setting out anti-money laundering compliance for the UK financial sector staff. Steve has gained two graduate diplomas through the ICA, he is also making worthwhile contributions to UK’s fight against money laundering by working on various Government steering groups and panels. He is currently a member of the National Risk Assessment Panel, whose findings to be published in 2014 which will form the basis of the Governments approach and its mitigation of risk in implementing the next set of Money Laundering Regulations. For more information on us and how we can help you contact us today.
Benefit from a range of compliance support services including;
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
The EU Fourth Money Laundering Directive adopted in June 2015
June 23, 2015
The EU Fourth Money Laundering Directive (4MLD) was adopted in June 2015. One of the main requirements which are an enhancement over the 3rd directive is that it requires all Member States to hold central registers on company beneficial ownership information from 2017.
Government announces a new crackdown on corrupt professionals who help criminals
June 3, 2014
Lawyers, couriers and accountants could be jailed if they turn a blind eye to criminal activity they profit from, under Home Office plans. It wants to see a new offence of “participation in an organised crime group” to target those with reason to suspect they are part of an illegal enterprise. This offence is not [...]
HM Treasury issue advice about unsatisfactory money laundering controls
February 19, 2014
On 14 February 2014 the Financial Action Task Force (FATF) published two statements identifying jurisdictions with strategic deficiencies in their anti-money laundering and counter financing regimes.
The Money Laundering Regulations 2007 require regulated entities to put in place policies and procedures in order to prevent activities related to money laundering and terrorist financing.
European Parliament to Vote on the 4th Anti-Money Laundering Directive
February 10, 2014
The European Parliament on the 13th February will vote for legislative revisions to the current EU Anti-Money Laundering Directive (AMLD). This is a once-in-a-decade opportunity, the 3rd directive was voted on 17 December 2005. The proposed revised Anti-Money Laundering Directive should have a tremendous impact on the battles against corruption, drug trafficking, tax evasion and a range of other criminal activities all currently facilitated by the ease in which money can still be laundered across Europe today.
Client Due Diligence – Beneficial Ownership list to be public, PM states
December 9, 2013
Ministers had already announced the register, intended to lift the “cloak of secrecy” around company ownership contained within the consultation document for ‘Trust and Transparency For UK Companies’. This consultation also raised a number areas of weaknesses concerning ownership and control and will affect client due diligence procedures for regulated entities.