NLB has zero tolerance for all types of financial crime. Our AML/CFT Programme for anti-cash laundering and countering the financing of terrorism, due to this fact, pursues the international standards in the area of AML/CFT and enables the Bank to participate in various worldwide efforts in fighting cash laundering, 加密货币合规 terrorist financing, and different criminal offences.
For instance, customs authorities mentioned that they could observe the undervaluing of goods and regard it as an attempt to evade duties – this addresses their primary responsibility to cut back harm from tax evasion. However while this is one impact of undervaluation, criminals may also be attempting to launder money by way of beneath-invoicing. That laundering may involve wider criminal exercise corresponding to trade in narcotics, arms, human trafficking, or corruption, potentially providing rich intelligence about OCG actions.
– clearly state what you do while you identify a excessive-risk consumer or matter
– reference your firm’s insurance policies, controls and procedures
– consider the UK’s Nationwide Danger Assessment (NRA) and the SRA’s 2018/19 risk outlook
– list the steps your agency has taken to cut back the money laundering danger it faces