aml - Normativa - leggi - Money Laundering Regulations 2007

the Money Laundering 2007 specify the system and procedures that firm must implement
is implemented the requirements of the European Union's Third Money Laundering Directive and introduced new requirements

part of this new regulations authorised firm are requested the FCA if they act as money service businesses or trust or company service providers

FCA is responsible for supervising the Anti-Money Laundering controls
the JMLSG help the industry meet is obligations and provide guidance for low interpretate and apply the regulations.

MLR covered:

most UK financial firms
legal professionals, accountants
casinos
trust company

Preventative Measures:

Training training stuff procedures
Nominated Officer nominated officer or MLRO
Procedures putting in place hecks, controls and procedures in order to anticipate and prevent ML or terrorist financing
Record Keeping keep record customer's identify and business relationships for 5 years
Customer Identification procedures for identify customers before start business or transactions

The firms should implement the requirements bases on the level of risk they have identify.

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