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Anti-Money Laundering Services

The continuing evolution and rapid development of anti money laundering (AML) laws and regulations in the UK and around the world has given organisations a greater responsibility to prevent, detect and report money laundering.

Recent legal changes have extended this responsibility beyond the financial sector into a range of other industries including dealers in high value goods, estate agents, lawyers and accountants.

Regulators have made it clear that enforcement action will be taken against organisations, including senior management and other responsible individuals, which do not introduce effective systems and controls. In the UK there have been several substantial fines levied on major financial institutions in the recent past.

KPMG’s AML professionals in the UK have a wealth of national and international experience. Our services include:

• AML policy, process design and review with advice on actions to help enable compliance;
• Assessing the money laundering risks arising out of products or services offered, customer base, and the way business is transacted;
• Training staff and Money Laundering Reporting Officers on their responsibilities (general and bespoke);
• Corporate intelligence and due diligence reviews on customers, suppliers and other third parties;
• Carrying out money laundering investigations, reviews and gap analyses;
• Assistance in dealing with Regulators in both local and foreign jurisdictions;
• Assistance in selecting appropriate AML systems and advice on subsequent implementation.

Our knowledge of AML issues has been developed over numerous assignments for banks and other regulated organisations, Government departments and Regulators. We also regularly second our staff to money laundering investigation teams of national Regulators to broaden their skills and experience.

Global Anti-Money Laundering
We have recently published our second Global Anti-Money Laundering which looks at how banks around the world are approaching AML.
To view the document, please click here