AML Policy Statement

It is the policy of Now Transfer Limited to comply with all current legislation relating to the prevention, detection and reporting of money laundering offences.

Now Transfer Limited acknowledges it’s responsibilities to identify money laundering and terrorist financing risks and to implement and manage appropriate controls using a risk-based approach.

Now Transfer Limited is committed to the ongoing training and education of all members of staff and independent contractors in relation to the prevention of financial crime. Now Transfer Limited is further committed to making all staff and independent contractors aware of the law and their own obligations under it, including the timely reporting of suspicious activity through recognised internal channels.


The purpose of this Policy is to prevent terrorists and other criminals from using wire transfers for moving their funds, and for detecting such misuse when it occurs.

The legislation to which this policy relates includes:

  • Terrorism Act 2000 (as amended)
  • Proceeds of Crime Act 2002 (Part 7)
  • Money Laundering Regulations 2007 MLR8 and MLR9 (draft), (as amended)
  • EU Payments Regulation January 2007
  • HMRC EU Payments Regulation Draft Guidance June 2007
  • HM Treasury Sanctions Notices (Consolidated List)