Reliance update and webinar recording

We were joined by more than 300 members of Industry for our webinar on Reliance on Obliged Persons.

Hosted by Hamish Armstrong, our Chief Adviser of Financial Crime and Amanda Reilly, Head of Examination Units, the 30 minute session provided an overview on why reliance is important, what our supervisory data collections tells us, a summary of the main findings from our reliance thematic examination and what the next steps are for industry.

We received a number of questions during the webinar, which we unfortunately did not have the time to cover. We will consider these questions when we review and update the guidance around reliance.

In the meantime, we would encourage you to revisit the current guidance in Section 5 of the AML/CF Handbook as it does cover a number of the questions we received.

Watch the webinar below: