Our Anti Money Laundering (AML) approaches
MRNB Limited t/a M.R. Insolvency (“M. R. Insolvency”) is required under the Money Laundering Regulations 2017 to put in place appropriate systems and controls to forestall money laundering and terrorist financing.
Regulation 18 of the money laundering regulations requires firms to take steps to identify the risks of money laundering and terrorist financing that are relevant to it. The Money Laundering Regulations require that an organisation has a Nominated Officer to ensure that there is up-to-date knowledge of issues relating to Anti-Money Laundering and Counter-Terrorist Financing throughout the organisation, implement appropriate policies and procedures and receive reports of suspicious activity.
The MLRO Nominated Officer (Money Laundering Reporting Officer) for M.R. Insolvency is Michael Royce.
Before we step toward any kind of business relationship, we must conduct what is called Customer Due Diligence (CDD). At a time when things maybe challenging, we aim to make the CDD process as simple, convenient and as safe as possible.
To verify individual identity, we use a secure platform called SmartSearch. More information on SmartSearch and how your data is used can be found here: https://www.smartsearch.com/
Anti Bribery approach
We have a ‘Zero Tolerance’ approach to money laundering and bribery. The anti-money laundering (AML), counter-terrorist financing (CTF) and Bribery Act and regimes are designed to prevent our services being used by criminals and to dissuade corruption.
We have obligations under the AML/CTF regime to spot and report money laundering and terrorist financing. Failure to meet these obligations can lead to criminal penalties, substantial fines and untold damage to your own and M.R. Insolvency’s reputation.
