This brief and informative session will steer accountancy and legal practices through the key issues when maintaining AML compliance. These include: obtaining client ID and other information effectively being secure and GDPR compliant doing the appropriate level of due diligence demonstrating compliance at practice reviews This webinar will provide the answers and solutions to common…
AML and GDPR Compliance: There can be a perceived conflict between the obligations under Anti Money Laundering (ALM) legislation/regulation and data protection regulation. We explain some of the most common data protection concerns and suggest solutions. Four Key Factors and Solutions: While collecting Valid Photo ID and Proof of Address for KYC These documents are…
In navigating the intricacies of Anti Money Laundering (AML), it’s crucial for entities like accountants and banks to rigorously manage information sharing and maintain meticulous records to avoid legal entanglements and ensure that their actions don’t inadvertently support a defence in court proceedings.
