Financial Crime Training Services

Dunchurch Compliance Solutions Ltd

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Dunchurch Compliance Solutions Ltd (DCS Ltd) is based in North Wales and its Principal is a former senior London Metropolitan Police detective with over 25 years of experience in tackling money laundering, fraud, financial crime, organised crime and corruption at the local, national, and international level. He has spent the last 14 years providing advice, assistance, and training in anti-money laundering, combating the financing of terrorism, and sanctions awareness to commercial banks, non-financial businesses and professions, and state institutions throughout many jurisdictions.

If you are you operating in the financially regulated sector or with it you are required to have assessed the risks posed by money laundering and terrorist financing, to have introduced policies and procedures to ensure that you are fully compliant with the law and regulations, and importantly to make sure you and your staff are adequately trained. The “regulated sector” for UK anti-money laundering purposes includes all those firms which are part of the financial services community regulated by the Financial Conduct Authority (the “FCA”), including banks, insurance companies, investment firms and brokers. The regulated sector also includes designated non-financial businesses and professions including: Auditors, external accountants, and tax advisors; Casinos and other gambling service providers; Company service providers; Dealers in precious metals; Dealers in precious stones; Lawyers (including solicitors); Notaries and other independent legal professionals; Real estate agents; Trusts; Those operating foreign exchange or cheque cashing businesses; and any business which deals in goods where cash payments of €15,000 or more (£12,500 as at 12/12/2016) are accepted (such as auctioneers).

DNFBPs are regulated in much the same way as credit and financial institutions.

These include:
• Undertaking simplified and enhanced customer due diligence as appropriate;
• Understanding who the beneficial owner in the customer relationship is;
• Conducting ongoing due diligence;
• Record keeping;
• Introducing relevant policies and procedures;
• Ensuring staff are trained and there is a programme of continuous training;
• Registration with the appropriate authorities;
• Reporting suspicious activity to the appropriate authorities.

Persons in the regulated sector are required under Part 7 of the Proceeds of Crime Act 2002 and Terrorism Act 2000 to submit a Suspicious Activity Report (SAR) in respect of information that comes to them during their business, if they know, or suspect or have reasonable grounds for knowing or suspecting, that a person is engaged in, or attempting, money laundering or terrorist financing. A SAR must be submitted as soon as is practicable.

DCS Ltd will review your staff training, internal processes, and anti-money laundering and counter terrorist financing regime for you, and provide advice and practical assistance to help mitigate any risks identified. These services will help you protect yourself against criminal activity, and protect you from the activities of the Regulator.

We can also provide training for your company to help ensure compliance with applicable international standards and anti-money laundering and counter terrorist financing legislation, thereby addressing local and global threats.

Under Paragraph 21 of the Money Laundering regulations 2007 a relevant person must take appropriate measures so that all relevant employees of his are —
(a) made aware of the law relating to money laundering and terrorist financing; and
(b) regularly given training in how to recognise and deal with transactions and other activities which may be related to money laundering or terrorist financing.

To discuss your requirements in confidence and discover how we can help you please CONTACT US now.

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Our Services

DCS Ltd understands that the prevalence of financial crime can be a substantial threat to a company’s development and bottom line.. MORE...

Who We Are

Simon Goddard is a specialist in anti money laundering and countering the financing of terrorism, compliance with international sanctions, financial investigation and asset tracing, and the provision of training in those areas. MORE....

Contact

Dunchurch Compliance Solutions Ltd
Registered in England and Wales
Registration No. 07409240
Registered Address
Ysgubor Bach
Aberdaron
Pwllheli
LL53 8LL
Tel: +44 (0) 1758 760457
Mob: +44 (0) 7811 430703
Email: enqs@dc-sl.com

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