Anti-Money Laundering - Susan Grossey - Bog

If you are a director seeking to understand your anti-money laundering obligations, this is the book for you! FULLY UPDATED to reflect Brexit and other the 2022 amendments to the 2017 Regulations This book is aimed at non-executive directors of UK firms covered by the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (as amended in 2020 and 2022). These Regulations place requirements on such firms to put in place policies and procedures to prevent and forestall money laundering and terrorist financing - and hold the directors of those firms responsible for ensuring that this is done to the required standard.
It is essential that every director - whether executive or non-executive - is aware of the heightened requirements of the UK's AML/CFT regime, and of his specific responsibilities under the four tenets of that regime: customer due diligence, record-keeping, internal reporting, and staff training.