Anti-Money Laundering

Has your firm got to grips with the requirements of the Criminal Justice (Money Laundering & Terrorist Financing) Act 2010? Have you implemented the required firm and client risk assessment procedures? Have you got a Compliance Manual with pro forma forms you can use to make life a little easier? Have you provided the requisite training to your staff?

OmniPro Practice Support provides a variety of products which will meet all of your firm’s Anti-Money Laundering requirements ranging from a user friendly procedures manual with lots of  guidance included, to a full and challenging compliance review. Listed below are the full range of services and products we provide:-

Anti-Money Laundering Procedures Manual

Our Anti-Money Laundering Procedures Manual can be purchased in two ways:-

• Just the Manual including a 1 hour online implementation training with the Money Laundering Reporting Officer (MLRO) and an AML question and answer session, or:
• The manual as an add-on to the Accountants Resource Centre if your firm is already a member. This includes the manual and a 1hour training session as above plus access to online refresher training for the MLRO on anannual basis

Anti-Money Laundering Compliance Reviews (AMLCR)

Depending on your firms requirements you may choose from 2 Compliance Review options –

• Compliance Review Light
• Full Compliance Review

Details of each product are outlined below:-

1. AMLCR Light

A review which will cover:

• Whole firm compliance issues including risk assessment, internal procedures, reporting and staff training; and
• Carry out a review of 3 files chosen by the firm.

It will provide:

• A 1 hour closing meeting with the partners and MLRO to review any findings and discuss recommendations;
• A documented AMLCR form for your files; and
• An Action Plan should remedial action be required.

2. Full AMLCR

A challenging and robust review which will cover:

• Whole firm compliance issues including risk assessment, internal procedures, reportingand staff training; and
• Be conducted with an approach which is similar to an Institute monitoring visit; and
• Review 6 files which are chosen by the reviewer from the client listing.

It will provide:

• A 1 hour closing meeting with the partners and MLRO to review any findings and discuss recommendations;
• A documented AMLCR form for your files;
• An Action Plan should remedial action be required; and
• An AML Health check which provides a measure of performance against CCAB-I M42 statement.

Staff Training

We will provide:

• Individual one to one training for the MLRO by reviewing procedures, files and the AMLCR documentation (Half day); and
• Training to all other members of staff on legislation, relevant regulations, and the firms internal procedures (Half day).