Anti-Money Laundering Manual – Mortgage Broker

£235.00

  • Anti Money Laundering Procedure Manual – MGI – Word Document
  • Suspicion Report – Word Document
  • Policy Confirmation Form – Word Document
  • Money Laundering Register – Excel Document

Money Laundering originally came into effect on 1 April 1994 (of which has subsequently been updated over the years). The rules set out the procedures required to have effective anti-money laundering systems and controls in place to reduce the opportunities for money laundering.  The key requirements of these regulations are:

  • Verifying the identity of clients;
  • Internal reporting procedures;
  • Providing training to staff to ensure awareness of the regulations;
  • Keeping adequate records.

This manual and supporting documents is specifically for those Mortgage and/or Equity Release Brokers. All staff working in the industry, regardless of their actual position, has a statutory duty to be aware of the need to prevent money laundering.  This manual helps individuals understanding of money laundering and identifying risks.  It also details how to report a suspicion and includes a Suspicion Report that the firm can use to record any identified.

FORMAT: All documents are downloadable via email upon receipt of payment.

ANTI-MONEY LAUNDERING PROCEDURE MANUAL – WORD DOCUMENT 16 PAGES

Ecompli continually review all of their documents and regularly update them.  This Anti-Money Laundering Manual was last updated on the 8th June 2020 and is specifically designed for Mortgage and Equity Release Brokers.

INDEX OF CONTENTS

  1. Introduction
  2. Money Laundering
    1. Stages of Money Laundering
    2. Risk Assessment
    3. Breaches of Regulations
    4. Assistance
    5. Tipping Off
    6. Failure to Report
    7. Acquisition
    8. Concealing
    9. Regulatory non-compliance
    10. What is a Suspicious Transaction
  3. Anti-Money Laundering Procedures
    1. Obtaining Customer Identity
    2. Standard Verification
    3. Politically Exposed Persons (PEPs)
  4. Internal Reporting Procedures
    1. FATF Non-Co-Operative Countries
    2. Bank of England Terrorise List
  5. Money Laundering Reporting Officer
    1. Contact from Law Enforcement Agencies
  6. Staff Training and Awareness
  7. Record Keeping

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