The AML Procedures Manual of an FSA licenceholder or designated business is the center point of the firm’s framework for detection and prevention of financial crime. Accordingly, it is a key item on the FSA’s list in the course of an annual business or full supervisory visit. Whether your business requires brand new, or an update of existing, AML procedures to meet the standards set by the AML Code 2019 and the latest version of the FSA’s AML Handbook, we can assist. We have an established track record in providing the following to the satisfaction of the FSA:

AML Procedures Manual tailored to the nature, scale and client base of the business and containing:

• A Client Risk Assessment form and documented assessment process consistent with your servicing arrangements, systems and resources.
• KYC/CDD requirements, where each type is set within a concise format as applicable to individuals, companies, trusts and other types of legal bodies. The formatting aids referencing by staff and related training.
• Easily referenced listing of high risk countries
• Source of Funds requirements tailored to your payment systems and approval process.

AML/CFT Training – an annual all-staff refresher or specialised training against the requirements of the AML Procedures Manual for client facing members of staff.

£2,500 (plus VAT where applicable)

Ten working days