A money laundering compliance review is the ideal way of ensuring your firm is implementing the correct anti money laundering procedures to comply with the 2007 Money Laundering Regulations and, more importantly, whether they're being adhered to.

Your review will check to ensure there is evidence of adequate money laundering training for all principals and relevant staff. Your firm’s written procedures will be reviewed to ensure they are appropriate and being followed. In addition, we‘ll test the adequacy of identification for new clients, and the evidence of anti money laundering training for relevant staff. Whilst we will discuss the process used to assess internal reports and make reports to SOCA, we will not review your file of reports as part of our work.

The results of the review can also be used to assist in completing the firm’s annual return.

As with all SWATUK reviews, you'll receive a report setting out our findings, as well as any recommendations for improvements, at no extra charge.

Why choose SWATUK to undertake your money laundering compliance review?

• We are recognised by both the ACCA and ICAEW as a reputable provider of external reviews, meaning you can be confident that we will review your procedures fully in accordance with the professional standards, ensuring you’re not left exposed in the event of a visit.

• Following your review, you’ll be provided with a comprehensive written report within 2 weeks , detailing our findings as well as any action points and/or recommendations arising from the review, at no extra charge.

• During the review, we’ll endeavour to identify ways to help your practice run more efficiently, help to cut down on unnecessary time and costs, and therefore improve your profitability.

• Our in-house team of technical consultants have vast and valuable experience gained from working in practice and visiting many client firms.

How much does a money laundering compliance review cost?

Our money laundering compliance review is priced from £1030+VAT per on-site day (or £927+VAT for SWATUK Full Member firms) plus expenses, and don’t forget, this price includes the production of a detailed written report, following the review.

To make the most out of your day, why not combine a Money Laundering compliance review with another compliance review. For details of all areas in which we can provide consultancy and reviews, click here.

Additional support with money laundering

SWATUK offers a range of products and services, providing you with all anti money laundering guidance and training your firm needs to help ensure you remain compliant with the 2007 Money Laundering Regulations.

Anti Money Laundering Training Course on CD
A 1.5 hour course, complete with a money laundering test and printable certificate on completion. The CD also comes with a multi-user licence, enabling you to train all your staff from the one CD. The same course is also available as an online version for just £35+VAT per person. Click here for more details of the online money laundering course.

Money Laundering Procedures Manual on CD
Providing you with all the guidance and templates you need to set up internal money laundering procedures in your firm. In particular, the manual provides anti money laundering guidance on internal controls and systems, the role of the MLRO, internal and external reporting and much more.

MLRO Support Service
An annual subscription-based package that gives you all the tools you need to help you comply with the 2007 Money Laundering Regulations, including access to the online anti money laundering training course, a copy of the anti money laundering training course on CD, a copy of the Money Laundering Procedures Manual on CD, two hours of money laundering technical queries and a monthly money laundering newswire.