On 12th March, Herbert Smith Freehills published the latest edition of this newsletter which said that late 2018 and early 2019 saw a flurry of regulatory developments and proposals relating to AML.  The briefing discusses many of these developments and proposals, including –

  • the FCA’s thematic review on money laundering risks in the e-money sector;
  • amendments to compliance requirements in respect of anonymous safety deposit boxes;
  • the FATF’s Mutual Evaluation Review of the UK;
  • reform of the UK Suspicious Activity Reporting regime; and
  • a recent RUSI paper on the scale of money laundering in the UK.

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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