Money Laundering Bulletin
Practical money laundering
In this article Richard Smolicz, Group Money Laundering Reporting Officer of the Nationwide Building Society, presents “a view from the trenches”. He looks at the spirit of UK money laundering legislation and suggests ways of developing an integrated money laundering prevention approach to compliance.
It is worth beginning with The Nationwide Group money laundering policy statement as this sets out the overall framework for
identification and prevention.