Online Manual

The AMLCC Guide to Anti-Money Laundering and Prevention of Crime Regulations is permanently available online.

The online manual will be updated with any changes in legislation.

The Manual is provided in a folder for reference purposes and includes template forms and instructions on what is required for client verification, what to do in the event of the need to report a client and instructions for reporting to SOCA (Serious Organised Crime Agency).

The Manual supplements the Training Manual and provides guidance for all aspects of compliance with the Money Laundering Regulations 2007 and if carefully followed all the recommendations contained in the manual should ensure no criticism or failure when interviewed by the firm's supervisors.

The manual can be tailored according to the firm's individual requirements.

Client Verification

The AMLCC Verification System provides an approved alternative to obtaining proof of the client's identity and address, the usual Passport/Driving Licence and Utility Bill. This is possible now that the majority of people in UK have established an 'electronic footprint'.

It is not necessary to have the client's permission to verify their details electronically but the client must be told that the check will take place before arranging the verification.

Access is provided from any web-enabled PC to electronic verification. The process involves accessing the online service and the results of the search will be returned within seconds. This report will be retained online and can be downloaded and printed for filing whenever required.

Video Training

The AMLCC Training is provided as an online audio-visual presentation and covers all the requirements of the Money Laundering Regulations. It is in two parts - the first is for the MLRO (or Practice Owner for small practices) and the second part is specifically for all staff who are required to comply with the Regulations. Importantly this includes any person who is 'client facing' - that is anyone who may speak to a client and therefore includes receptionists and even junior members of staff.

Both parts of the Training Module include a short test consisting of multiple choice questions and the results are recorded. The 'pass mark' is 80% and the test can be repeated to ensure that the training has been fully understood. There will be annual updates to ensure full compliance.

A downloadable certificate will be available for those who complete the training and the training will count towards the CPD requirements of most regulating organisations.

Online Records

All firms are required under the Regulations to complete a risk assessment, keep records of the verification of client identities and a record for all clients who are reported to SOCA.

There is also a requirement to record the training that the MLRO (or Practice Owner for small practices) has undertaken as well as the training of persons who may meet or speak to the firm's clients.

The online AMLCC Recording System can be used to maintain all the records that firms are required to complete under the Money Laundering Regulations. The records can be downloaded and printed locally for inspection by the firm's Supervisor.

The results of the electronic verification are also maintained on the AMLCC secure server and are therefore available 24/7 and can be printed locally.