Banks: Financial Crime Compliance Guide
- Posted on: 1 October 2017
- Written by: Ben Mason
MLR 2017 introduced many new requirements and changed some of the obligations. This included strengthening customer due diligence with a more risk-based approach and seeking to prevent new means of terrorist financing, including through e-money and prepaid cards and more effectively enforcing sanctions.
To help you assess your adherence with the Money Laundering Regulations 2017, we have produced a simple three step guide for Banks explaining what you need to do and the key questions you should be asking.