No single level of AML risk applies to all. We have an intrinsic understanding of how to assess the degrees of risk that different organisations are exposed to, and then how to tailor strategies that deliver the right and appropriate levels of risk management.
By conducting due diligence, your organisation can better understand its customers and their activities, and identify the red flags that indicate that they’re trying to use you to launder money or finance terrorism.
Investing in anti-money laundering generates significant returns for the regulated organisation. Whether you’re an accountancy firm, a bookkeeper or an estate agency, an investment in CaPS Compliance can do more than keep you compliant - it will help boost your brand, reputation and bottom line.
Effective Anti-Money Laundering Policy Statements are the backbone of a robust Anti-Money Laundering program.
Elevate your risk assessment process with comprehensive scrutiny. Discover how this service fortifies your AML compliance efforts
Empower your team with knowledge and expertise. Learn how our training services enhance compliance and fortify your defense
The Money Laundering and Terrorist Funding Regulations of 2017 and 2022 require regulated companies to make sure they have proper processes in place to minimise the risks of being inadvertently involved in money laundering activity.
As gatekeepers to the financial system in the UK, finance firms such as banks, accountancy practices, bookkeepers and money lenders must uphold this legislation and play their part in preventing and reporting any suspected illegal money laundering pursuits. The same responsibility falls upon other regulated businesses, such as estate and lettings agencies, trust and company service providers, independent legal professionals and more.
Compliance will protect you from a legal perspective, and help ensure your company is not exploited by criminals to wash their dirty money.
In the UK, the following types of organisations fall under anti-money laundering legislation:
CaPS Compliance can support your registration with the appropriate professional AML supervisory body (PBS) for your sector, and then design a bespoke, risk-based system for AML that integrates seamlessly with your organisation’s existing policies and procedures.
The UK has introduced a raft of AML initiatives to combat a problem that costs our economy more than £1 billion a year, but organisations like yours are on the front line.
You must take control of your own management of AML risk – and the CaPS Compliance suite of services will give you the tools to completely nail it.
Our tried, tested and trusted services include:
If you want a risk-based approach to AML, designed by experts with decades of experience in law enforcement and intelligence agencies, then talk to our uniquely qualified CaPS Compliance team today.
Professional Body Supervisors (PBSs) are licensed to supervise accountancy service providers and other regulated organisations for AML compliance. If your organisation is a PBS, you will know that you are required by law to conduct monitoring and audits to ensure these firms comply. Fail to do it properly and you risk losing your licence to supervise.
Our trusted CaPS Compliance team can either support your PBS through a completely outsourced service for AML compliance inspections, or give you the knowledge and skills you need to make the grade.
