Introduction to the UK AML Regime

Introduction to the UK AML Regime

Jodie Toporowski

Director

In the last video of this series, Jodie discussed what money laundering is and how it is combated. In this video she will focus on the UK’s anti-money laundering regime, which is extensive.

In the last video of this series, Jodie discussed what money laundering is and how it is combated. In this video she will focus on the UK’s anti-money laundering regime, which is extensive.

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Introduction to the UK AML Regime

11 mins 22 secs

Overview

Efforts to combat money laundering concentrate on the point in the process where the launderer is most vulnerable to detection. The easiest detection stage is ‘Placement’ and it’s where regulation places the greatest focus. The main statutory requirements are set out in the Money Laundering Regulations and they make it a criminal offence for regulated businesses not to have in place formal procedures to combat money laundering.

Key learning objectives:

  • Understanding the UK ant-money laundering regime

  • What are the requirements under the Money Laundering Regulation 2017?

  • Overview and guidance in relation to Customer due diligence and record keeping

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Summary
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Expert
Jodie Toporowski

Jodie Toporowski

Jodie Toporowski is an experienced Head of Compliance with a demonstrated history of working in the financial services industry. She is well versed in the areas relating to financial regulation, data protection and commercial contracts. She is also a strong legal professional with regulatory enforcement background. Jodie is currently the Head of Compliance at Hyundai Capital UK and has been at this role since 2017.

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