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Defence Against Money Laundering

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Information and guidance on requesting a DAML.

Information and guidance on requesting a DAML

A DAML can be requested when a person has suspicion that property they intend to deal with is criminal in some way and that by dealing with it, they risk committing an offence under POCA (2002). For example if a firm wishes to transfer client money to another account and they have concerns over the source of the funds.

There is more information on the NCA website including:

Guidance for insolvency practitioners

Urgent queries regarding DAML requests can be emailed to DAML@nca.gov.uk

Fast-track defence against money laundering lane opens for insolvency practitioner

Practitioners who take on urgent insolvency cases will be prioritised for AML defence under a new agreement secured by the ICAEW.

 

Webinar recording: DAMLs and Tipping Off

Watch our webinar to find out when to submit a Defence Against Money Laundering and what constitutes Tipping Off.