There are different UK laws designed to DETER financial crime, DETECT abuse of the financial system and DISRUPT criminal activity. This resource provides some information about the Terrorism Act.
A Politically Exposed Person is someone who is, or has, at any time in the preceding year, been entrusted with a prominent public function by a state; a community institution; or international body.
There are many UK laws designed to DETER financial crime, DETECT abuse of the financial system and DISRUPT criminals. The Money Laundering Regulations is the most important law relating to laundering.
This resource provides information about the different Money Laundering Offences and the penalties for committing them.
Think about where your customer’s transactions are taking place.
Customers not resident in the UK may have documents in a foreign language - you must satisfy yourself that they really do prove the customer’s identity.
You should be aware of your customers at all times. Our resource lists things that should raise your suspicions.
It’s the nominated officer’s job to make an EXTERNAL Suspicious Activity Report if, after assessing an INTERNAL Suspicious Activity Report, they decide it’s necessary. Here’s a some more information..
There are different UK laws designed to DETER financial crime, DETECT abuse of the financial system and DISRUPT criminal activity. This resource provides information about the Counter Terrorism Act.
Be aware of odd behaviour, such as transactions or activities which seem unusual for your business, or for the customer involved. This resource shows suspicious activity you should look out for.