AML Vulnerabilities in the Luxury Goods sector
AML SPOTLIGHT REPORT
Criminals love luxury goods, but their purchases of high-end products aren’t necessarily about flaunting their wealth. Rather, it’s often to facilitate further wrongdoing – the laundering of the proceeds of the original crime.
As a result, regulators are now cracking down on Luxury Goods businesses that fall short on anti-money laundering (AML) and countering the financing of terrorism (CFT) standards.
To ensure your business doesn’t fall foul of any new national and international legislation and regulatory requirements, this industry report will help you to identify any weaknesses in your existing compliance framework.
In this industry report, we examine:
- Where Luxury Goods businesses face AML risks
- The current UK regulatory environment
- The international perspective
- Screening for sanctions, ultimate beneficial owners (UBOs), and politically exposed persons (PEPs)
- How to ensure compliance with AML
Download this valuable compliance analysis today.