Knowledge Hub
Intuitive Legal AML Guidance Series
At Intuitive Legal, we completely understand that the world of Anti-Money Laundering can be very daunting, and with all of the rules and regulations it can be difficult to know where to start 💡 We're excited to announce our new, 10 part blog series exploring all things AML! We will...
Background and Compliance Principles
Welcome to the first instalment of our short blog series, discussing all things AML and dissecting the LSAG AML Guidance document! 🔎 Money laundering is the practice of disguising illegally obtained funds as legitimate income, and criminals use a wide range of vessels and methods in order to do this;...
Policies, Controls and Procedures
The LSAG AML Guidance document sets out a range of the key policies that underpin your firms legal AML requirements. By both being aware of and having an understanding of these principles and the reasons behind them, you can ensure that you are constantly addressing your obligations and working towards...
AML Officers – BOOM’s, MLRO and MLCO
In this instalment of our AML guidance blog series, we will be discussing the key officers you need to appoint within your organisation and their responsibilities. There are a number of crucial individuals within your practice that will have specific responsibilities within their roles, and also require approval and authorisation...
Client Due Diligence – Part Two
The key purpose of undertaking client due diligence is to build an understanding of your clients background and circumstances, assess their risk profile and evaluate how this could affect your firm. In addition to the checks we have already discussed, you must also check and verify your clients financial circumstances...
Client Due Diligence – Part One
Actively undertaking thorough and systematic due diligence into your clients is one of the most effective ways your firm can meet their AML obligations. Your policies and procedures for due diligence should be clearly documented and readily available, and it is essential to take a holistic view of this practice...
Risk Assessment and the Risk Based Approach
The Risk Based Approach is a key principle of AML compliance, and is arguably the most crucial aspect of meeting your firms AML obligations. By utilising a Risk Based Approach, you can effectively revise and adjust the intensity, frequency and amount of compliance work you undertake depending on the current...
