Banking, procurement & AML controls

This criterion evaluates whether the organization has established robust controls for banking operations, procurement processes, and anti-money laundering (AML) compliance. While most charities are not 'regulated persons' under the Money Laundering Regulations (MLR) 2017, they must strictly comply with the Proceeds of Crime Act 2002, Terrorism Act 2000, and UK Sanctions regimes. This criterion adopts MLR standards as a proportionate 'good-practice benchmark' to prevent fraud, ensure value for money, and safeguard assets. It covers the full procure-to-pay lifecycle, sanctions screening, and financial crime prevention.