Money Laundering Flashcards
1
Q
Terrorism act 2000
A
Involves reporting suspected terrorism activities
2
Q
The proceeds of crime act 2002
A
Requires any activities reported to nCA or through company internal reporting procedures
3
Q
Criminal finances act 2017
A
Improves gov ability to tackle money laundering and corruption
To seize property from overseas criminals unless first convicted in country of their origin
4
Q
Purpose of data protection act 2018
A
Controls data handling and applies to paper and computer based filling systems
5
Q
Principles of data protection act
A
Data shd be only held with consent Kept secure Relevant Not processed further Not retained for longer than needed
6
Q
What are agent required when it comes to data protection act
A
Register with hamrc
Check identity of new customer
Put procedure in place
Report suspicion to nCA
