Compliance services

Money laundering prevention

Fines meted out by the FCA for failings in money laundering controls.

  • Abbey National - £2.32 million
  • Northern Bank - £1.25 million
  • Royal Bank of Scotland - £750,000
  • Bank of Ireland - £375,000

Stringent local and international obligations on firms to meet the demands of anti-terrorist and financial crime campaigns are often confusing. Axiom will identify and implement the regulatory requirements that apply to you. Our money laundering prevention services include:

  • Relevant money laundering prevention training for your staff
  • Compiling annual money laundering reports to management
  • Money laundering prevention identification audits
  • Client database risk assessments
  • Full identification of clients on a current and retrospective basis
  • Drafting money laundering prevention guidelines for staff