Zusammenfassung der Ressource
E2: Money Laundering Regs 2007
Anmerkungen:
- - took effect Dec 07
- implement req's of 3MLD
- interpretation of regs by Joint Money Laundering Steering Group (Chaired by Bank of England & including leading Trade Assoc.)
- risk-based approach assessed by firms/practioners to extent of complaince work they need to carry out
- Businesses covered
- credit/financial institutions
Anmerkungen:
- - life ass. cos
- fin advisers
- savings & invstmnt firms
- deposit takers
- bureaux de change
- auditors/accountants/tax
advisers/insolvency
practioners
- Independent legal professionals
- trust/company service providers
- estate agents
- casinos
- high value
dealers (goods
value greater
than 15k euros
- leasing
companies/commercial
finance providers/safe
custody services
- policies & procedures
- appoint MLRO
Anmerkungen:
- - based in UK
- level of authority & independence within firm
- access to sufficient resources & info to carry out responsiblities
- exist to minimise risk
- covers due diligence
- reporting
- record keeping
- internal control
- risk assessment
- monitoring of complaince
- Customer due diligence
- verify ID of
customer &
beneficial owner
- obtain info on
purpose/nature of business
relationship
- req'd?
- reg. firm
establishes
bus
relationship
- carries out
occasional
transaction
- suspects
money
laundering/terrorist financing
- doubts about integrity of customer info
- not required?
- life policy annual
premium <e1k or
sp < e2.5k
- pension sv
cannot be used
as collateral for
loan
- pension scheme members cannot assign right