money laundering regulations policy

This firm’s (Anderson Accountancy (UK) Limited) commitment to understanding and minimising its risks in relation to money laundering and terrorist financing and strengthening of our goals of achieving good ethical business and trading standards are contained within this policy statement.

In order to achieve these aims we have undertaken the following;

1. Appointment of the nominated person/money laundering reporting office (MLRO)

The firm’s MLRO is: Mr David Anderson BA(Hons), MA, FAIA

MLRO Contact Details

Internal phone extension (+44) 01794 521 300

Email address:-

The MLRO is available to discuss any matters relating to the firm’s policies and procedures relating to the Money Laundering Regulations and helping you understand your obligations.

2. Establishment of internal procedures appropriate to the Money Laundering Regulations 2007

These procedures are to prevent money laundering and terrorist financing. We have established appropriate and risk-sensitive policies and procedures relating to:

These procedures are described in our Manual.

3. Establishment of internal training requirements

These are required so that all individuals within the firm may understand their responsibilities within the firm’s policy and procedures and their wider responsibilities under the UK’s anti-money laundering strategy. To this end we will ensure all individuals within the firm are trained at regular intervals for:

4. The maintenance and retention of records for five years after ceasing to act for a client

These documents (actual or electronic) are those relating to:

5. Making external suspicion reports

The firm through the MLRO has established procedures for assessing internal suspicion activity reports (“SARs”) and on the decision making process. We have established procedures for the MLRO to make SARs to the National Crime Agency (NCA) and for the secure retention and storage of copies of internal and external reports.

6. Aiding law enforcement

The firm, through the MLRO, has established procedures for aiding any law enforcement agency (police, NCA, Serious Fraud Office) which obtains a “money laundering investigation order” against its clients. These procedures relate to the collation and secure retention of the information required and systems to ensure that confidentiality of the client is maintained where appropriate.

7. Individual staff members’ commitment to the firm’s policy and procedures

It is important that individuals understand the compliance culture and their roles and responsibilities that is placed upon them. Individuals should understand that penalties imposed including fines and imprisonment applies to individuals as well as the firm. So individuals should:-

Anderson Accountancy (UK) Ltd are supervised under the Money Laundering Regulations 2007 by the Association of International Accountants.

Back one page...