These anti-money laundering (“AML”) policies and procedures can be used by businesses subject to the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 (the “MLRs”) including:
- credit institutions;
- financial institutions;
- auditors, insolvency practitioners, external accountants and tax advisers;
- independent legal professionals;
- trust or company service providers;
- estate agents and letting agents;
- high value dealers;
- art market participants;
- cryptoasset exchange providers; and
- custodian wallet providers.
They cover all the main topics contained in the MLRs including:
- Application and Definitions;
- AML Risk Assessments;
- AML Policies, Controls and Procedures;
- Customer Due Diligence (“CDD”), including Simplified Due Diligence and Enhanced Due Diligence;
- Beneficial Owners;
- Reliance on Third Parties;
- Record Keeping;
- Data Protection; and
- Cryptoasset Transfers.
They also contain standard KYC forms to conduct Customer Due Diligence (CDD) on the following types of customers:
- Private Companies;
- Regulated Entities;
- Listed Companies;
- Investment Funds; and
To see a preview of these policies, please click: AML Policies and Procedures Preview.
These policies will help you to navigate the complexities of the provisions contained in the MLRs and document your firm’s compliance with those provisions in an easy-to-use fully customisable format.
They were prepared by lawyers and are used by law firms and their clients. Businesses that have adopted these policies include:
- Accountants and tax advisors;
- FCA-authorised investment managers and advisors.
Using this template will save you time and effort compared to preparing your own AML policies and procedures from scratch.
Having comprehensive AML policies and procedures in place is a must for any business subject to the MLRs.
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Disclaimer: This document is provided by Chelsea Publishing Limited trading as FSREG Templates on an “as is” basis for reference purposes only and without any guarantee of its suitability, accuracy, completeness or compliance with applicable laws and regulations. Chelsea Publishing Limited is not responsible for any action taken or omitted to be taken based on this document and individual legal, tax and regulatory advice should be obtained before this document is used. © 2023 Chelsea Publishing Limited (www.fsreg.com). All rights reserved.