In light of the new Money Laundering Regulations having come into full effect in June, VinciWorks has made available a free anti-money laundering and counter-terrorist financing policy template. The policy can easily be edited to suite your law firm or organisation, your industry and staff.
The European Union’s Fourth Anti-Money Laundering Directive came into force on 26th June 2017.
The new directive included some fundamental changes to the anti-money laundering procedures, including changes to CDD, a central register for beneficial owners and a focus on risk assessments.
Here are some guidelines for what should be included in an anti-money laundering policy:
The policy should end with details on how and when the policy will be reviewed, as well as the contact details of the Nominated Officer, in the case that staff would like more information or would like to raise a concern.
Following on from the success of our flagship AML training suite, VinciWorks has recently released a new course on anti-money laundering. The new course takes the user on a scenario-based journey to learning to identify suspicious activity. The course is compliant with the recently implemented Fourth Money Laundering Directive and allows users to track their progress via experience points. Staff can then compare their progress to that of their colleagues with the use of leaderboards. You can find out more about the course by completing the short form below.
