Questions firms ask
Will this make us compliant?
Not on its own. A written policy and a firm-wide risk assessment are two things the regulations require, and this gives you both. Compliance also depends on what your firm does day to day: checking clients, training staff, keeping records and following your own policy. These documents are a stop-gap until you have something more comprehensive.
Will our supervisor accept it?
No one can promise that. The documents are written by AML specialists, built on the Money Laundering Regulations 2017 and your sector's guidance, and personalised to your answers. Your supervisor will also look at whether your firm follows them.
What do you need from us?
Answers to a set of questions about your firm: what you do, who your clients are, and how you work with them.
Can we edit the documents?
Yes. Both arrive as Word files. Read them, change anything that does not match how your firm works, and adopt them as your own.
How long does it take?
Within 5 working days of payment and your completed answers. Express delivery is within 1 working day for an extra fee.
What does it cost?
The AML policy is £99. The firm-wide risk assessment is £199. Prices exclude VAT. Express delivery adds 30% to the price.
What is not included?
Client due diligence files, staff training, replying to your supervisor, an independent audit, and keeping the documents up to date after delivery.
Are you a regulator?
No. AML Compliant is not a regulator or supervisor and is not connected to one.