On 11th June, the FSA reminded businesses in a news release that the Anti-Money Laundering and Countering the Financing of Terrorism Code 2019 (‘the 2019 Code’) came into operation on 1st June.  It also advised that Schedule 4 to the Proceeds of Crime Act 2008 (which details those subject to the various relevant Codes) has also been amended to improve its layout and flow, and some definitions have been amended.  Links to both the new Code and the new Schedule 4 are provided.

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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