Compliance with sanctions and with money laundering and terrorist financing regulations continues to be a major challenge for the regulated community. You must be able to demonstrate that your systems, procedures and internal controls are robust enough to prevent your business from being used for illegal purposes. Regulators from jurisdiction to jurisdiction implement Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations to a differing extent and will expect your Firm to have in place policies and procedures which are tailored to local requirements notwithstanding that a firm may be part of a group applying global best practice.
Our team at CCL can prepare an AML & CTF Manual tailored to your Firm, which will set out in appropriate detail, your procedures and other arrangements for complying with the local regulator’s requirements in your day-to-day operations.
Our manuals are accompanied by supporting procedures which are reflective of the size, nature and scope of your business activities. This incorporates:
- a client fact sheet, adaptable to the changing circumstances of your clients
- an easy-to-use tool for AML/CTF reviews in the event of trigger events or on a regular Know Your Customer review cycle.