HMRC releases guide for AMP businesses on AML obligations

MAS on sanctions-related risks detection
Hong Kong report on Bond Tokenisation

HM Revenue & Customs (“HMRC”) has released a new online learning guide to aid Art Market Participant (“AMP”) businesses understand their obligations under the Money Laundering Regulations 2017.

The guide covers topics including:

  • Money laundering, terrorist financing and proliferation financing;
  • Risks and how to deal with them;
  • Customer due diligence;
  • The nominated officer and compliance officer;
  • Identifying and reporting suspicious activity;
  • Staff awareness and training; and
  • Record keeping.

Firms can view the guide to further understand their compliance obligations under the Money Laundering Regulations 2017.

http://www.hmrc.gov.uk/courses/fis_ecs/art_market_participants_guide/?&utm_source=l.co_hmrcgovuk&utm_medium=social&utm_campaign=amls&utm_content=amp

Share with: