Anti-Money Laundering · glossary
The Office of Financial Sanctions Implementation. On a true sanctions match, the money is frozen and the MLRO reports to OFSI at once. Only an OFSI licence lets the money move, and a report to the NCA cannot free it. Screening Record, paragraph 4 · Chapter 5 · see False positive
Explained in Chapter 5, PEPs, Sanctions Screening and Enhanced Due Diligence, of Anti-Money Laundering.
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