Compliance services
Money laundering prevention
Fines meted out by the FSA for failings in money laundering controls.
- Abbey National - £2.32 million
- Northern Bank - £1.25 million
- Royal Bank of Scotland - £750,000
- Bank of Ireland - £375,000
Stringent local and international obligations on firms to meet the demands of anti-terrorist and financial crime campaigns are often confusing. Axiom will identify and implement the regulatory requirements that apply to you. Our money laundering prevention services include:
- Relevant money laundering prevention training for your staff
- Compiling annual money laundering reports to management
- Money laundering prevention identification audits
- Client database risk assessments
- Full identification of clients on a current and retrospective basis
- Drafting money laundering prevention guidelines for staff