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Anti-money laundering


This page is part of a series on the 10 most common issues we've found when reviewing firms' compliance with the Anti-money Laundering Regulations.
See the 10 most common issues
The Money Laundering Regulations stipulate that a relevant firm must provide AML training to all staff and agents. Training ensures that staff/agents are aware of their suspicious activity reporting obligations and understand and how to comply with a firm’s AML policies.

What we found in our 2021/22 AML compliance reviews

We found that some firms haven’t provided sufficient AML training to their staff.   

What should you do?

  1. Design a training plan to ensure the right staff receive the right training. 
  2. Keep a signed log of staff training, asking staff to sign and date the log to emphasise to them the importance of always following their training. 

Resources to support compliance

Read the report

Read our 2021/22 anti-money laundering supervision report for more detail on the results of our monitoring reviews, the outcomes of those reviews and enforcement action taken. The report also summarises all of our anti-money laundering supervisory activity during the period.