Anti Money Laundering

Every brokerage has a reporting officer and we are no different.

We have to treat this seriously, we have to obtain details of who our clients are and now many of the providers with whom we place business will want to know the origin of the monies, such as inheritance, savings and so on. Failure to comply isn’t an option as advisers face imprisonment for certain breaches and I certainly don’t fancy that!

So we do our bit, but there is another threat that both we and our clients face and it is worth taking a bit of time every now and then to make sure that our own pc’s are protected.

I’ve added a link that I came across on the BBC, it’s worth a read.

Most of it is basic stuff, but as these criminals become more and more sophisticated, it’s worth making sure that you get up to date with your software protection, firewalls and preventative measures to combat data theft.

Have a look at the links below :

Please remember that Morgans is not responsible for the content of external internet sites

http://news.bbc.co.uk/1/hi/technology/5414502.stm

http://news.bbc.co.uk/1/hi/technology/5414696.stm

Johnny