CII - Level 4 Diploma R01 - Financial services, regulation, and ethics (C6: Principles & rules set out in reg. framework) Mind Map on E2: Money Laundering Regs 2007, created by Mark Varela on 03/06/2014.
- 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
Annotations:
- life ass. cos
- fin advisers
- savings & invstmnt firms
- deposit takers
- bureaux de change