SIFA 14.2 Further rules to take into consideration

You should also take the following rules into consideration:

• If you are a sole trader with no employees, not all the provisions in ML apply (ML 8.1).
• Other areas of the FSA Handbook, which refer to money laundering, are detailed in ML 1.2.3 G. This includes rules in SYSC 3 that place a specific duty on senior management to take full responsibility for all areas of compliance with the Rules and to demonstrate that your firm has adequate systems and controls in place.