While they’re far from perfect, following them, and the guidance that accompanies them, constitutes a defence in court. In short, The Regulations are our friend.
Why are we so seduced by acronyms? During presentations, I often start by describing the field of anti money laundering (AML) compliance as “alphabet soup”. “When in doubt, throw an acronym or two about.” It’s the consultant’s creed.
The very thought of a compliance framework can be enough to make a SME owner sigh. Regulations are written to cover all sizes of entities,
More properly, the title is; ‘HM Revenue and Customs AML/CTF Thematic Review of anti-money laundering compliance in the Money Service Business. The report
HMRC has issued a consultation document. They are looking to extend the scope of existing powers to include MSBs. The data-gathering powers are used to