Anti-Money Laundering Software - Keeping your firm compliant

What is money laundering?

Money laundering is exchanging criminally obtained money or other assets for 'clean' money or other assets with no obvious link to their criminal origins. It also covers money, however come by, which is used to fund terrorism.

The new regulations came into effect on 15 December 2007 and replaced the 2003 regulations. All relevant businesses must have appropriate anti-money laundering systems in place. You must not wait until your business is registered before you apply anti-money laundering controls to your customers.

The Cognito URU product will help your firm stay compliant and inline with these new regulations.