Beta This part of GOV.UK is being rebuilt – find out what this means

HMRC internal manual

Money Laundering Regulations: Compliance

From
HM Revenue & Customs
Updated
, see all updates

Compliance visit tests: Checking compliance under the Risk Based Approach: HVDs

For HVDs, the basic requirements for effective AML controls are compliance with the minimum legal requirements for customer due diligence and transaction monitoring together with the ability to recognise higher-risk situations and respond with additional measures to mitigate the increased risk and identify and report suspicious activity to SOCA.