BDO UK | CRIMINAL FINANCES ACT 2017
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UNDERSTANDING YOUR NEEDS A CUSTOMISED AND PRAGMATIC APPROACH
UNDERSTANDING YOUR NEEDS:
WHAT WE CAN OFFER YOU
To comply with the CCO legislation whilst taking a pragmatic and practical approach to compliance To benchmark you to what other organisations in your industry are doing
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A well established methodology, which we have adapted for the needs of each of our 150 CCO clients
Facilitated CCO training and risk assessment workshop(s) to identify key risk areas
A practical and pragmatic approach to current and future compliance
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• To document your inherent and residual risk areas by identifying which part of your business is most at risk of the legislation, and by taking a risk based approach in our review • To identify and risk assess your “Associated Persons” – ie those persons who provide services for or on behalf of your business and those whose actions could bring you within the scope of the legislation To identify and involve the right stakeholders in the risk assessment process • To develop relevant and appropriate CCO policies and processes (internal and external) To roll out training and communications for the right people within and outside the business • • To develop a practical implementation plan •
Experience of working with
Bespoke training plans and an eLearning training solution built around your key risk areas
Development of a detailed CCO Implementation Plan, benchmarking to leading practice
organisations from global FTSE100s to fast growth UK based businesses
MARKET LEADERS IN ECONOMIC CRIME PREVENTION
At BDO, we are a market leader in supporting our clients in responding to this legislation. We have worked with well over 150 clients across all industries and of all sizes. This includes leisure and hospitality, global engineering firms, the medical sector, media, construction, retail and financial services. Our team are at the forefront of responding to the legislation and have good insight into HMRC’s broader thinking. We were present as an accountancy representative on the inaugural meeting of the newly formed Economic Crime Strategic Board chaired by the Home Secretary and Chancellor alongside CEOs and chief executives from the banking institutions Barclays, Lloyds and Santander as well as senior representatives from UK Finance, the National Crime Agency (NCA) and the Solicitors Regulation Authority, Accountants Affinity Group and National Association of Estate Agents. Our team have also delivered presentations at the Institute of Money Laundering Prevention Offices and separately with HMRC’s Financial Crime team at events and forums. We work with rapidly growing entrepreneurial clients and FTSE100s. No one engagement is the same, although we work hard to provide a consistent level of assurance to our clients so that they can demonstrate a defence to the legislation.
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