Anti Money Laundering (AML)
Keeping everyone safe.....
Who needs to perform a Money Laundering Check?
Accountants, solicitors, tax advisors, insolvency practitioners, financial institutions, credit institutions, estate agents, chartered surveyors, trust/service providers, gaming companies and high value dealers with the potential for a business relationship over £15,000 such as car dealers and jewellers.
Why Perform Anti Money Laundering checks (AML)?
The Anti Money Laundering regulations are governed by 4 Acts: The Proceeds of Crime Act, The Serious Organised Crime and Police Act, The Terrorist Act and the Money Laundering Regulations.
Failure to report any suspicious activity can carry a criminal sentence and lead to substantial fines from the relevant regulatory body.
