Well, we’ve had our money laundering audit and the dreaded letter arrived a couple of weeks ago. I suppose it is a bit like a health inspector in a restaurant, they’ll always find something that is not quite to their satisfaction. In this case I recalled the inspector for a chat as I sat down and trawled through the legislation and the guidelines.  I picked up a couple of points that were either in my view ambiguous, contradictory or shock, horror, not covered.

The long and the short of it is that I have had to postpone my staff training and suggested improvements to our systems becasue an answer is required from HMRC policy unit.

However, the biggest surprise for me was to learn that according to the inspector I am the first person to actually query the guidance given following an audit. Are my fellow professionals meekly going like “lambs to the slaughter”  or are we battle weary?

Written by FDAdmin