Policies and Procedures AML Regulations 2017

June 23, 2017  |   AML Legislation updates,General Information & FAQ's,General News & Cases   |     |   Comments Off

Policies and Procedures Templates for the Money Laundering Regulations 2017 A complete set of templates which aids in the requirements in the Regulations for risk sensitive policies, controls and procedures which are able to demonstrate ...

Anti Money Laundering verification platform

June 23, 2017  |   AML Legislation updates,General Information & FAQ's,General News & Cases   |     |   Comments Off

SmartSearch is Ready for the 2017 Anti-Money Laundering regulations The unique SmartSearch Anti Money Laundering verification platform is enabling regulated businesses to comply with the latest 2017 Anti Money Laundering (AML) Regulations and fulfil their AML, Customer Due ...

Offshore Assets

March 02, 2017  |   General News & Cases   |     |   0 Comment

Offshore Assets HMRC has published guidance on a letter which tax advisers and financial institutions may need to send to clients who have income or assets overseas, explaining its wider powers to exchange tax information with other jurisdictions and urging anyone who is in doubt about their offshore tax position to ...

Money Laundering Supervison

Steve O’Neill reviews the latest statement concerning Money Laundering Supervision The UK’s supervisory approach to compliance of obliged entities to the Money Laundering Regulations were branded "woefully inadequate" and are failing to block "corrupt money" and terrorist funds, an anti-corruption body has warned.

EU’s Fourth Anti-Money Laundering Directive

This is the first of a number of posts, looking at the implications EU's Fourth Anti-Money Laundering Directive on the UK’s Regulated Sector Obliged Entities This is the logical place to start for a ...

CCAB issues a reminder for practitioners to stay vigilant over money laundering

July 07, 2015  |   General News & Cases,Professional Bodies   |     |   0 Comment

Staying safe within the money laundering regulations With the latest budget heralding a clampdown on tax evasion, accountants in practice would do well to consider the first-aider’s rule when acting for clients. Ask any first aider about helping others and the first rule is: don’t put yourself ...

The EU Fourth Money Laundering Directive adopted in June 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 ...

Government announces a new crackdown on corrupt professionals who help criminals

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 ...

HM Treasury issue advice about unsatisfactory money laundering controls

HM Treasury has issued new advice about risks posed by unsatisfactory money laundering and terrorist financing controls. 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 ...

European Parliament to Vote on the 4th Anti-Money Laundering Directive

European Parliament to Vote on the 4th Anti-Money Laundering Directive   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 ...