..... and in English?!!!
Good for you Andrew , go for it . Most of us are retired, so marvel at the out put those still working manage . Hope you do manage some modeling and to keep in touch .
Interesting job, Andrew.
Best wishes for your course and final exam.:thumb2:
Bench is patient, will be still there and welcome you as if you never left. :smiling:
Good luck with the exams Andrew. Like The other John I am retired now but in my earlier life I was involved in derivative products and banking and compliance so I know a little of what you are talking about. Fortunately there weren't as many rules about when I was working it was all a bit seat of the pants.
John
Best of luck Andrew.
Pete
Very best of luck with the new qualifications
Good luck Andrew. Now if you could ask your employer to fund my research into making models and the mental health benefits, then that would be greatly appreciated
Thanks for the support! Just shows what a great site this is!!
Andy - Apologies for confusing you!! Basically I have to make sure nasty criminals don't use their ill gotten gains to fund the finance agreements with us!! Oh and if you think my brief introduction was hard to follow.....below is one of the more straightforward extracts from the UK's '
The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017' (Section 28)...........and I am being serious, it really is one of the easier sections to follow!!
Al - love the idea.....but I don't think they will run with it unfortunately....:sad:....it's a German owner and so there are problems with certain symbols.....but in their defence they're very good on the mental health side at least in my experience.
John (Wotan) - glad you were able to follow me!
ATB
Andrew
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Customer due diligence measures
Section 28.—(1) This regulation applies when a relevant person is required by regulation
27 to apply customer due diligence measures.
(2) The relevant person must—
(a) identify the customer unless the identity of that customer is known to, and has been verified by, the relevant person;
(b) verify the customer’s identity unless the customer’s identity has already been verified by the relevant person; and
(c) assess, and where appropriate obtain information on, the purpose and intended nature of the business relationship or occasional transaction.
(3) Where the customer is a body corporate—
(a) the relevant person must obtain and verify—
(i) the name of the body corporate;
(ii) its company number or other registration number;
(iii) the address of its registered office, and if different, its principal place of business;
(b) subject to paragraph (5), the relevant person must take reasonable measures to determine and verify—
(i) the law to which the body corporate is subject, and its constitution (whether set out in its articles of association or other governing documents);
(ii) the full names of the board of directors (or if there is no board, the members of the equivalent management body) and the senior persons responsible for the operations of the body corporate.
(4) Subject to paragraph (5), where the customer is beneficially owned by another person, the relevant person must—
(a) identify the beneficial owner;
(b) take reasonable measures to verify the identity of the beneficial owner so that the relevant person is satisfied that it knows who the beneficial owner is; and
(c) if the beneficial owner is a legal person, trust, company, foundation or similar legal arrangement take reasonable measures to understand the ownership and control structure of that legal person, trust, company, foundation or similar legal arrangement.
(5) Paragraphs (3)(b) and
(4) do not apply where the customer is a company which is listed on a regulated market.
