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.
The following sections of the Guide are also relevant: |
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'FSA Principles, Systems and Controls' - Chapter 5 |
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'Know your customer' - Chapter 9.8 |
If you do mortgage or general insurance business you should also refer to MIGI 15. |
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