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HMRC internal manual

Money Laundering Regulations: Compliance

Compliance visit tests: Introduction

Officer’s evaluation of how effective the AML/CTF policies and procedures are will be determined by:

  • the degree to which the AML/CTF controls within the business have improved
  • risk assessment of customers, products and services
  • policies procedures and risk sensitive controls to counter Money Laundering/and Terrorist Financing
  • policies and procedures to identify and report suspicious activity
  • adoption of simplified procedures

The business success or failure in meeting these fundamental objectives will be evaluated by undertaking a range of tests during a compliance visit.