MLR1PP14250 - Penalties guidance: calculating penalties: points to consider: during the visit

During the visit

During the visit establish whether a breach of the Regulations has taken place or if there are any material failings or weaknesses in the anti-money laundering policy and procedures which, if not corrected, are likely to lead to a breach. If there is none, no further action is required other than to give any assistance that is requested.

When a breach has been identified, points to consider:

• is there clear evidence that the Regulations have been breached
• is there any evidence of a primary money laundering offence or have the criteria for a criminal investigation been met
• does the failing fall within the criteria for a penalty