View more on these topics

FSA publishes anti-money laundering tool

The Financial Services Authority has published an anti-money laundering self-assessment tool.

The aim is to prompt small firms to focus on and satisfy themselves that they are addressing their legal and regulatory obligations to combat financial crime.

This follows the move to a more principles-based approach to anti-money laundering controls that was introduced on September 1.

The tool is designed to encourage firms to adopt appropriate practices to mitigate money laundering and terrorist financing risks.

It sets out a series of questions to consider which include management responsibilities, money laundering reporting, identifying customers, a risk-based approach, training and suspicious activity reporting.

Recommended

KPMG says pre-Budget report will be positive

Accountants KPMG predict an upbeat statement from the chancellor in December for this year’s pre-Budget Report.Andrew Smith, chief economist KPMG, says: “It’s the vision thing. This year’s Pre Budget Report – almost certainly Gordon Brown’s last – is billed as being more about the long-term than the short-term. “For the moment, the economy is ticking […]

Stroud & Swindon releases buy-to-share product

Stroud & Swindon has launched a buy-to-share financing option which is available for on all its residential products.The aim is that consumers can increase the amount they are able to borrow by taking into account income gained by renting out a spare room.This option is aimed at first-time buyers who are finding it hard to […]

IVA specialists are set to ride the debt spiral

Government figures reveal the shocking truth. Over 26,000 people became insolvent during the second quarter of 2006 – an increase of 66.3% over last year. Extrapolate these figures and insolvencies could exceed 100,000 this year and sail past 150,000 by the end of 2007.

TMB joins L&G’s mortgage club

Legal & General has appointed The Mortgage Business to its mortgage club.TMB’s product areas include a wide range of true self and salary cert, and full-status mortgages, and some great self-build schemes and a range of buy-to-let mortgage options and schemes including House 2 House where income not rental assessment increase the speed and simplicity […]

Newsletter

News and expert analysis straight to your inbox

Sign up