AML compliance is about far more than running checks on individual transactions.
In episode two of AML Uncovered, Phil Spencer is joined by Coadjute co-founder and COO John Reynolds to explain what regulators expect firms to have in place behind the scenes. They work through risk assessments, policies, controls and procedures, and why HMRC wants to see not only what you have written down, but evidence that it happens day to day in your branch.
Since filming, HMRC's July update increased the number of risks agents must assess from 34 to 39.
To explore any of this further, speak to a member of the Coadjute team.