between 2000 to 2500 words explaining the following:

1. Explain the anti money laundering laws in the United Kingdom, with summary which
   explains the offences of money laundering in the United Kingdom.
2. Recommendation 1 Financial Action Task Force (FATF) provides that financial institutions
   should have programmes in place to combat money laundering and terrorist financing. This
   includes the development of internal policies, procedures and controls.
   When considering the response to money laundering and terrorist financing risk, explain
   how a firm should approach the implementation of robust measures to ensure that it is
   compliant with regulatory requirements and best practice.
3. Some categories of customers pose a higher risk of money laundering or terrorist
   financing. Using examples, explain what type of customer poses a higher money laundering
   risk to a firm and discuss how a firm should evaluate the potential for risk in these cases.
4. The job of the MLRO/MLCO (or equivalent person) is to act as the focal point within a firm
   for the oversight of all activity relating to anti money laundering. The role needs to be filled
   by a senior compliance officer, who is free to act on his or her own authority and must be
   informed of any relevant knowledge or suspicion of money laundering activity.
   Considering the scope of the role, explain what functions and responsibilities it carries.