ECSH31550 - General legal requirements for businesses in relation to a risk-based approach

Regulation 18 and 19 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR2017), require businesses to establish policies, controls and procedures based on their risk assessment to mitigate and manage the risks of money laundering and terrorist financing activity. 

 

Links to guidance for different sectors on gov.uk: 

• Anti-money laundering guidance for money service businesses. 

• Anti-money laundering guidance for high value dealers. 

• Anti-money laundering guidance for trust or company service providers. 

• Anti-money laundering guidance for estate agency business. 

• Anti-money laundering guidance for accountancy service providers is provided by Consultative Committee of Accountancy Bodies (CCAB).
• Anti-money laundering guidance for art market participants is published by the British Art Market Federation on behalf of HMRC.