Complete Guide to Anti-Money Laundering Regulations

Regulatory requirements have become more complex and penalties have steepened. The consequences for AML non-compliance now include substantial fines, possible jail time and the closure or suspension of business activities. Companies must have processes in place to run AML checks and produce records when asked by auditors. With regulatory updates happening multiple times each year, you need a strategy for staying on top of it all and systems that quickly adapt to new requirements. After all, if you unintentionally facilitate money laundering and you don’t have these systems in place then you’ll be liable. We don’t want you or your business to become the unwitting victims of financial crime by not following new AML regulations. That’s why we’ve put together this in-depth guide.

Inside you’ll find everything you need to know about:

• The importance of AML regulations
• The state of money laundering in the UK
• Who the major regulatory bodies are and the regulations they enforce
• Which businesses and professions require AML processes and procedures
• How to conduct AML risk assessments
• What new AML regulations are coming up in 2024