ANTI-MONEY LAUNDERING COMPLIANCE REVIEW AND CONSULTANCY
The 5th AML Regulations introduced the requirement for annual compliance reviews (previously it was periodic which was interpreted as annual). We can help by providing this service.
Why do you need one?
It is a requirement of the AML Regulations and your Supervisor (typically ICAEW or ACCA for practicing firms) will require sight of this on its Practice Assurance or equivalent visit.
How we provide these services
We can review your documents onsite or at our office. We have the ability to review electronic files at our offices. So we can help you discharge your compliance requirements in these challenging times. We can provide you with a list of information to send us if it is impossible, impractical or preferable for us to carry the work out from our offices.
We produce a list of queries and a report for your records. We will discuss with you the file findings.
Where ICAEW requires one following a QAD monitoring visit
This can happen as a result of a QAD monitoring visit where the Regulator requires confirmation that processes are improving as a result of their findings. We can help. We draft a report for you to submit to the Regulator.
Other complementary services
If your procedures require updating, we can help with this. If your staff require training, we can provide this in-house or via web link (such as zoom) with an accompanying document for their records, if required. If you are not a Member firm of ICAEW but have a Practice Assurance contract in order to enable ICAEW to act as your Money Laundering Supervisor, we can help you. We have experience of such contracts and the requirements ICAEW will expect you to comply with.
Get in Touch
If you'd like to explore this service with us