{"id":138,"date":"2008-03-03T16:06:30","date_gmt":"2008-03-03T16:06:30","guid":{"rendered":"http:\/\/www2.moneylaunderingcompliance.com\/?p=138"},"modified":"2009-02-03T16:06:43","modified_gmt":"2009-02-03T16:06:43","slug":"q-what-are-the-specific-breaches-of-the-money-laundering-regulations","status":"publish","type":"post","link":"https:\/\/www.moneylaunderingcompliance.com\/index.php\/hmrc-news\/q-what-are-the-specific-breaches-of-the-money-laundering-regulations","title":{"rendered":"Q.  What are the Specific Breaches of the Money Laundering Regulations?"},"content":{"rendered":"<p>The specific failings and breaches which are clearly defined within the Money Laundering Regulations 2007 are;<\/p>\n<ul>\n<li>Regulation 7 \u2013 Failure to apply appropriate risk-sensitive customer due diligence measures<\/li>\n<li>Regulation 8 \u2013 Failure to apply appropriate and risk-sensitive ongoing monitoring of a business relationship<\/li>\n<li>Regulation 9 \u2013 Failure to comply with the requirements in timing of verification of identity of clients and any beneficial owner<\/li>\n<li>Regulation 11 \u2013 Continuing with transaction\/business relationship where unable to apply customer due diligence measures<\/li>\n<li>Regulation 14 \u2013 Failure to apply enhanced client due diligence and ongoing monitoring where required<\/li>\n<li>Regulation 18 \u2013 Failing to follow a direction made by HM Treasury under this Regulation<\/li>\n<li>Regulation 19 \u2013 Failure to keep the required records<\/li>\n<li>Regulation 20 \u2013 Failure to establish, maintain, monitor and manage the required risk based policies and procedures<\/li>\n<li>Regulation 21 \u2013 Failure to take appropriate measures to provide the required training<\/li>\n<li>Regulations 26, 27(4), 33 \u2013 Failure to comply with registration requirements specified by the commissioners<\/li>\n<\/ul>\n<p>These breaches may attract civil or criminal procedures from\u00a0your supervisor<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The specific failings and breaches which are clearly defined within the Money Laundering Regulations 2007 and may attract civil or criminal procedures from your supervisor<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,4,8],"tags":[11,21,12],"class_list":["post-138","post","type-post","status-publish","format-standard","hentry","category-general-information","category-hmrc-news","category-professional-bodies","tag-money-laundering-regulations","tag-risk-based-approach","tag-supervisor-registration"],"_links":{"self":[{"href":"https:\/\/www.moneylaunderingcompliance.com\/index.php\/wp-json\/wp\/v2\/posts\/138","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.moneylaunderingcompliance.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.moneylaunderingcompliance.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.moneylaunderingcompliance.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.moneylaunderingcompliance.com\/index.php\/wp-json\/wp\/v2\/comments?post=138"}],"version-history":[{"count":2,"href":"https:\/\/www.moneylaunderingcompliance.com\/index.php\/wp-json\/wp\/v2\/posts\/138\/revisions"}],"predecessor-version":[{"id":140,"href":"https:\/\/www.moneylaunderingcompliance.com\/index.php\/wp-json\/wp\/v2\/posts\/138\/revisions\/140"}],"wp:attachment":[{"href":"https:\/\/www.moneylaunderingcompliance.com\/index.php\/wp-json\/wp\/v2\/media?parent=138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.moneylaunderingcompliance.com\/index.php\/wp-json\/wp\/v2\/categories?post=138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.moneylaunderingcompliance.com\/index.php\/wp-json\/wp\/v2\/tags?post=138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}