Data, Privacy & Compliance
Generate an AML/CTF policy and procedures manual for customer due diligence and reporting to the NCA, aligned with the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017.
Create an AML and CTF policy and procedures manual for [Company Name], a financial services firm, covering customer due diligence, risk assessment, and suspicious activity reporting to the NCA.
Create an AML and CTF policy and procedures manual for [Company Name], a fintech or crypto asset business, covering KYC onboarding, transaction monitoring, and FCA registration obligations under the Money Laundering Regulations 2017.
Create an AML and CTF policy and procedures manual for [Company Name], a professional services firm, covering client due diligence, record-keeping, and staff training requirements under the Money Laundering Regulations 2017.
An AML/CTF policy and procedures manual is an internal document that sets out how a business identifies, assesses, and manages the risk of money laundering and terrorist financing, including customer checks and reporting obligations. This free UK generator produces manuals for financial services firms, fintech and crypto asset businesses, and professional services firms, reflecting the requirements of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, which apply to firms supervised by the FCA, HMRC, and other supervisory bodies. It is designed for UK businesses in a regulated sector that must maintain a documented AML/CTF policy and appoint a Money Laundering Reporting Officer (MLRO). The generator lets you set out customer due diligence and KYC procedures, ongoing monitoring, staff training, and suspicious activity reporting to the National Crime Agency (NCA). Use it as a starting point for a compliance officer to build out a full AML/CTF program.
It is an internal document that sets out how a UK business identifies, assesses, and manages the risk of money laundering and terrorist financing, including customer checks and reporting obligations.
Businesses in the regulated sector, such as banks, payment institutions, crypto asset businesses, law firms, and accountants, must comply with the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017.
It should cover customer due diligence and KYC procedures, a firm-wide risk assessment, ongoing transaction monitoring, staff training, and how to report suspicious activity to the National Crime Agency.
Supervision depends on the sector and may sit with the FCA, HMRC, the Solicitors Regulation Authority, or another professional body designated as an AML supervisor under the regulations.
Yes, it should be reviewed regularly and updated whenever the regulations or supervisory guidance change, or the business's risk profile shifts, such as entering new markets or offering new products.
Regulated businesses generally appoint a designated Money Laundering Reporting Officer (MLRO) responsible for overseeing the policy and reporting suspicious activity to the National Crime Agency.