Money Laundering Regulations

JmannJmann Feels At HomePosts: 68Registered
Hello every one,

I just wondered if you could help me out on the following

As per MLR 2007, do you have to have Money Laundering Procedural Manual?

If yes, which one you are using and any recommendations?

Regards

J Mann

Comments

  • mark130273mark130273 Font Of All Knowledge Posts: 4,234Registered
    hiya. i know im not answering the question put. but i have another question to anyone who might be able to help !

    1: i am currently being self employed and doing work for an accounting firm.
    The firm has got a money laudering licence. Does this cover my for doing any bookkeeping work for them or do I have to have a MLL for myself.

    any help would be most appreciated ?
  • PsychePsyche Well-Known Posts: 187Registered
    Fee has gone up!

    This doesn't answer your questions really but on the topic of money laundering regulations, I have just learned that the fee has gone up from £95 to £120... ouch! Something to be aware of.

    ~Psyche
  • JmannJmann Feels At Home Posts: 68Registered
    My professional body is a supervisory so I do not need to worry about HMRC fees.

    Just to update on MLR procedure manual, I bought Practice Manual from Swat Uk and it has money laundering prodedure manual.
  • LouiseRLouiseR Feels At Home Posts: 59Registered
    I'm looking to purchase a AML policy and I have had a few varied quotes. I would be interested to see how you found Swat UK's manual as it seems a very reasonable price.

    Thanks

    Louise
  • Nilesh MandviaNilesh Mandvia Feels At Home Posts: 91Registered
    Swat UK

    Hi Louise

    I bought General Practice Procedures Manual for ACCA from Swat UK. It is good and contains, various administrative forms, engagement letters, explanation what to include in engagement letters, disengagement letter, Money Laundering Procedure, check list, ID check list etc.

    Recently they put the price up from £110 + vat to £160+ vat!. If you new in practice, I think this cd would help.

    There is a MLR guidence publised by CCAB.
    http://www.ccab.org.uk/PDFs/070612%20CCAB%20Guidance%20Clean.pdf

    HTH

    Nilesh
  • JmannJmann Feels At Home Posts: 68Registered
    Swat UK Money Laundering Procedure Manual

    Hi Louise

    I found Swat uk manual ok. As commented it is good it contains information about money laundering, what is require and how to fulfill the obligations.

    If you were to buy just MLR Manual, I would invest little bit more and get practice manual. I know it is expensive but would help you in set up.

    John
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