News

Small part of business can mean big compliance costs

Thursday 23rd of October 2014

That’s according to AML Solutions’ Richard Manthel, who said being caught by AML rules could mean a lot of work for small advice businesses in particular.

Reporting entities had to file their first AML annual return on August 30. They are also required to be audited every two years.

Manthel said advisers’ compliance costs had skyrocketed over recent years and there was frustration...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.