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HMRC internal manual

Money Laundering Regulations: Compliance

Compliance visit tests: Checking compliance under the Risk Based Approach: ASPs, EABs and TCSPs

For ASPs, EABs and TCSPs the basic requirements for effective AML controls are:

  • compliance with risk assessment, policies, controls and procedures requirements
  • compliance with the minimum legal requirements for customer due diligence
  • the ability to recognise higher-risk situations and respond with additional measures to mitigate the increased risk
  • identify and report suspicious activity to NCA.