We are a FTSE SmallCap Company which is not in the ‘regulated sector’ and thus is not required by law to maintain anti-money laundering (‘AML’) procedures. We would like to know whether other companies (not in the ‘regulated sector’) have implemented AML policies and procedures on a voluntary basis and if so, what their experience has been in implementing appropriate procedures (e.g. was an external consultant used and what approach was taken to the selection and training of anti-money laundering officers?).
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