AML Policies Controls & Procedures Manual (for Accountants) – June 2019

150.00 (184.50 incl VAT)

AML Policies controls & Procedures Manual (June 2019) (73 pages) – This contains everything you need to successfully implement the requirements of the Criminal Justice (Money Laundering and Terrorist Financing) Acts, 2010 to 2018 which became law on 26 November 2018 an the Register of Beneficial Ownership which is coming into effect later in 2019.

Comes with a free of charge Excel spreadsheet called the ‘AML Control Sheet’ which firms may use to give a ‘helicopter’ view of progress made with keeping client AML data up to date.

Description

AML Policies controls & Procedures Manual (June 2019) (73 pages) – This contains everything you need to successfully implement the requirements of the Criminal Justice (Money Laundering and Terrorist Financing) Acts, 2010 to 2018 which became law on 26 November 2018 an the Register of Beneficial Ownership which is coming into effect later in 2019.

Comes with a free of charge Excel spreadsheet called the ‘AML Control Sheet’ which firms may use to give a ‘helicopter’ view of progress made with keeping client AML data up to date.

It includes eleven Appendices with templates/guidance on how to implement the legislation efficiently.

The Chapter headings in this manual are:

  1. AML Procedures
  2. The Business Risk Assessment
  3. Simplified Due Diligence (SDD)
  4. Standard/Normal Due Diligence (NDD)
  5. Enhanced Due Diligence (EDD)
  6. Third Party Reliance
  7. Relevant Third-Party Arrangements
  8. Reporting Requirements
  9. Exemption from Reporting
  10. External Reporting
  11. Tipping Off
  12. Record Keeping
  13. Training
  14. AML Compliance Review
  15. Penalties & Fines

There are also Eleven appendices as follows:

Appendix I Sample Business Risk Assessment

Appendix II Typical Approach to Verification of Documentation

Appendix III – Beneficial Owner (S.26 – S.30)

Beneficial Ownership Register

Public Registers

Appendix IV – Template Letter re Beneficial Owners

Appendix V – Enforcement

Appendix Vi – The Firm’s Client Risk Assessment And Decision Tree

Appendix VII – Corporate Identity Record Form

Appendix VIII – Personal Identity Record Form

Appendix IX – Example Internal Report of Suspicious Activity Form

Appendix X – Example MLRO Acknowledgement of Internal Report of Suspicious Transaction

Appendix XI – Central Register of Beneficial Ownership of Companies and Industrial and Provident Societies