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.


Money Laundering Regulations

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

  • 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.

  • Suspicious Activity Reports
    October 9, 2013

    The UK financial intelligence unit which was part of SOCA has now been absorbed into this new law enforcement structure. For obliged entities under the Money Laundering Regulations you will still file your suspicious activity reports online by visiting http://www.nationalcrimeagency.gov.uk/ and then click Reporting SARs in the top right hand corner. The old SOCA website address will automatically forward you to the new web address.

  • Money Laundering Transparency & Trust discussion paper
    July 22, 2013

    On 15 July, Dr Vince Cable, Secretary of State for Business, Innovation and Skills, announced the launch of the Transparency & Trust discussion paper. This sets out a number of proposals aimed at addressing opaque ownership structures and improving the accountability of company directors. The proposed reforms seek to promote growth by improving confidence in the UK as an open and trusted place to invest and do business. Greater transparency and improved trust will mean honest entrepreneurs and investors are more willing to do business in the UK and are not disadvantaged by those who don’t play by the rules.