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AAT Comment: 7 things you need to know to comply with MLR17

AAT_Team
AAT_Team Administrator Posts: 568
The new Money Laundering, Terrorist Financing and Transfer of Funds Regulations came out in June 2017, so may no longer seem new, but the guidance has only just been approved by HMRC.

The new guidance is a step forward. It is easier to understand, more concise (although still long) and more practical, with illustrative examples. The key differences in MLR17, as it has already become known, fall under seven headings:

Whole firm risk assessments
Internal controls
Policies, controls and procedures
Client due diligence
Simplified due diligence
Enhanced due diligence
Politically expose persons

Let’s look at them in turn...

Full article.


Comments

  • RJL
    RJL Registered Posts: 2
    I get an error message saying article not available ?
  • AAT_Team
    AAT_Team Administrator Posts: 568
    RJL said:

    I get an error message saying article not available ?

    It was an article posted on our blog before we changed host and url. New link can be found here.
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