Preventing financial crime is high on the FSA agenda and firms should be able to demonstrate strict procedures and controls in this area.
Have you done the following?
- Reviewed your current procedures against the FSA's changes
- Trained all of your internal staff on money laundering
- Retained evidence they have all been tested and understand the guidance
- Can evidence when their next training will be due
- Provided standard forms for your advisers to complete
If not, you need to contact PCS who can provide all of these services to your firm, together with procedural manuals for your staff to retain.
As the money laundering officer, you are now required to submit an annual report to senior management.
Has this been done?
If not you need to contact PCS who can provide you with a template to start you on your way, or alternatively help you to write a compliant report.
For more information please contact a member of staff for a no obligation chat.
