Advice for Businesses on Certainty of Fate / 2-4-6 cheque clearing times.
The Proceeds of Crime Act 2002 and the Terrorism Act 2000 require the regulated sectors to report knowledge or suspicion of money laundering.
Identifying and reducing the opportunity for fraud is a management decision with far reaching consequences
From a theoretical point of view there are three important factors concerned with committing fraud: opportunity, motive and rationalization – known as the fraud triangle
Ongoing monitoring of a business relationship, focusing both on scrutinising transactions and keeping documentation and customer information up-to-date is compulsory under the implementation of the Third Money Laundering Directive.
New anti-money laundering regulations came into effect in the UK on 15th December 2007. Read about the revised record keeping requirements.
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