FCA money laundering systems and controls: checklist
A checklist that summarises good practices in managing money laundering risk that have been identified in financial services firms. It is designed to be used by firms to check whether they have effective anti-money laundering (AML) systems and controls in place that comply with the FCA's financial crime requirements and the requirements of the Money Laundering Regulations 2007 (SI 2007/2157) (MLRs). Effective systems and controls can help firms to detect, prevent and deter money laundering.
This checklist is in the process of being updated to reflect the FCA’s report of the findings from its thematic review of how small banks manage money laundering and financial crime risk, which was published on 14 November 2014 (see Legal update, FCA thematic review finds small banks must improve management of financial crime risks).