Money Laundering Regulations 2007 Advice Note
The poorly drafted original material was repealed but it has been reinstated if watered down somewhat.
Interim management advisers Competex Ltd have kindly agreed that their advice note as attached can be circulated to independent directors known to PILOTpartners. You may already have received this advice or read about it elsewhere, however just in case, this is an important reminder of the circumstances in which the regulations do apply for interim executives who operate as finance directors or in similar roles.
Competex are happy to advise if you have any questions regarding the note.
PILOTpartners focuses on interim and non executive appointments in turnaround situations and for the portfolio businesses of private equity firms. Invariably when we introduce you to clients you are likely to be operating as a director (in one form or another) and therefore potentially at risk regarding these regulations”.
