Archive for August, 2009

26.08.09 BTC Challenges HMRC over right to view SAR’s on supervisor compliance visits

BTC Challenges HMRC over right to view SAR’s on supervisor compliance visits HMRC has published its Code of Practice for supervisory purposes for visits to businesses under Money Laundering Regulations (COP28). This Code of Practice tells you what you can expect from HMRC Supervisory staff and what they expect of you ...

20.08.09 HMRC has published its Code of Practice for supervisory purposes for visits to businesses under Money Laundering Regulations (COP28).

HMRC has published its Code of Practice for supervisory purposes for visits to businesses under Money Laundering Regulations (COP28). This Code of Practice tells you what you can expect from HMRC Supervisory staff and what they expect of you when they visit your business under the Money Laundering Regulations 2007. The ...

10.08.09 JMLSG to Update AML Best Practice

August 18, 2009  |   AML Legislation updates,Professional Bodies   |     |   0 Comment

Proposed amendments to key AML guidance in the UK were released on August 10th by the Joint Money Laundering Steering Group (JMLSG), a group of leading UK financial services trade associations that includes the British Bankers Association. JMLSG guidance is seen as the standard for AML compliance. Over recent months, the ...

05.08.09 Passwords stolen for tax returns

August 06, 2009  |   General News & Cases,HMRC News and Guidance   |     |   0 Comment

Gangs are stealing taxpayers' passwords and submitting claims for tax refunds to be paid to them, HM Revenue and Customs has warned. A series of attempted fraudulent claims through the self-assessment repayments system has been discovered. No figures ...

04.08.09 FSA bans Cornwall broker for fraud

The FSA has banned Cornwall mortgage broker Stephen Sanders for submitting at least three mortgage applications on behalf of customers which he knew contained false and misleading income information. Sanders withheld information from a prospective employer relating to an investigation into him by his former employer which resulted in his suspension. ...

03.08.09 Identity fraud soars in 2009

August 03, 2009  |   General Information & FAQ's,General News & Cases   |     |   0 Comment

New Cifas stats paint bleak picture for the UK's financial institutions and card companies. Identity fraud surged by nearly three quarters in the first half of the year, driven by continued malicious online activity, and the economic slowdown, according to new figures from UK fraud prevention service Cifas. The organisation was set ...