Financial crime prevention—agent/intermediary red flags guide


Published by a UUÂãÁÄÖ±²¥ Practice Compliance expert
Precedents

Financial crime prevention—agent/intermediary red flags guide


Published by a UUÂãÁÄÖ±²¥ Practice Compliance expert

Precedents
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We run our business[es] with integrity. All of us must work together to ensure our business[es] [remains OR remain] untainted by financial crime.

The following table contains factors we consider to raise a higher probability of improper conduct by an agent or intermediary.

Non-fatal red flags may be resolved with additional due diligence. Fatal red flags are so serious and pose so high a risk that they cannot be resolved and lead to immediate discontinuing of existing business relationships or the engagement process.

See further our [Agents and intermediaries policy and Due diligence flowchart].

FATAL red flagsNON-FATAL red flags
Any previous convictions for financial crime offences, eg bribery, tax evasion facilitation, or fraud.
The agent/intermediary has previously requested another organisation to prepare false invoices or other types of false documentation.
The agent/intermediary refuses to agree
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Jurisdiction(s):
United Kingdom
Key definition:
Bribery definition
What does Bribery mean?

The Bribery Act 2010 consolidated and reformed the law on bribery.

Read more

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