A recent report from HMRC revealed that several estate agent businesses were penalised for breaching anti-money laundering...
High Value Dealers (Jewellers)
Regulation & Compliance Services for High Value Dealers
Anti-Money Laundering Regulations for High-Value Dealers and, in particular, jewellers.
Since 2020, High-Value Dealers are required to comply with the Anti-Money Laundering Regulations for all transactions which exceed £10,000.
This means that High-Value Dealers must obtain authorisation from HMRC (who provides the regulation) and implement the appropriate client due diligence to comply with the regulations.
We work with High-Value Dealers to secure this authorisation and with those who already have it to ensure they have effective policies and procedures in place to meet their regulatory requirements on an ongoing basis.
Our compliance services for High-Value Dealers include:
- Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) compliance
- GDPR and Data Protection compliance
- Bribery Act 2010 compliance
- Employment Regulations compliance
- Complaint investigations, management and handling
Details of the services we provide are contained on our services page, which you can review to obtain detailed information on how we work with High-Value Dealers (jewellers).
The environment in which law firms tend to operate in is highly regulated and supervised; therefore, it is highly essential for a firm to set out the ways in which it operates in a series of procedures, policies and documents.