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Why Do I Need To Perform Anti-money Laundering Checks? |
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Answer» The Anti-MONEY LAUNDERING regulations are governed by 4 Acts: The Proceeds of Crime ACT, The Serious Organised Crime and Police Act, The Terrorist Act and the Money Laundering Regulations. . Failure to report suspicious activity can carry a criminal sentence and LEAD to substantial fines from the relevant regulatory BODY. The Anti-Money Laundering regulations are governed by 4 Acts: The Proceeds of Crime Act, The Serious Organised Crime and Police Act, The Terrorist Act and the Money Laundering Regulations. . Failure to report suspicious activity can carry a criminal sentence and lead to substantial fines from the relevant regulatory body. |
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