Anti Money Laundering Compliance
This explains how anti money laundering legislation impacts small or medium sized UK businesses. It covers businesses involved in various activities rather than on any specific types of activity. However, we have included under Property Information some information pages dealing with anti money laundering legislation as it affects property transactions.
- Overview of the anti-money laundering legislation
- Which businesses are affected?
- What are the core principles of the AML legislation?
- What is customer due diligence?
- Understanding beneficial ownership
- The need for certain businesses to carry out risk assessments
- Policies, procedures and controls
- Staff training
- Record keeping
- Suspicious activity reporting
- Implications for ordinary businesses
- Cryptoassets and trust registration
- Conclusions