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Regulations on money laundering

I would like to know how over 50 per cent of the adult population can ignore the money-laundering regulations. I refer to the shoppers who spends hundreds of pounds per month in places of doubtful repute called “supermarkets” without challenge.

Such expenditure clearly exceeds the regulation benchmark of what many clients spend on insurance and financial products and it would therefore appear a justified defence for someone charged with money laundering, that they were being picked on by the FSA.

Or is it simply that the FSA has insufficient staff to address this matter of public concern?

MJ Winfield

Wickford, Essex

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Guide: how to… audit your auto-enrolment scheme compliance

As the Pensions Regulator starts to bare its teeth and the changes mentioned in the Budget and Queen’s Speech start to come into force, it is essential that you understand your scheme and the processes you need to undertake to ensure it remains compliant. Our second re-enrolment guide looks at how to audit the key areas of your auto-enrolment scheme.

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