KICKING THE CAN DOWN THE ROAD: THE LAW COMMISSION’S REPORT ON UK AML LAW

On 9th July, RUSI published a Commentary about the recent Law Commission’s report, which provides useful analysis of the problem(s) facing the UK AML framework but, the article syas, lacks a bold blueprint for reform of the UK’s suspicious activity reporting (SAR) regime.  The report is part of a long-standing (and much delayed) commitment by the government to overhaul the SAR regime.  RUSI says that it was hoped – by public and private sectors alike – that the Law Commission’s consultation would offer some bold proposals for reform of a system that is widely agreed to be broken and not serving the original intentions of the regime.

https://rusi.org/Kicking-the-Can-Down-the-Road-The-Law-Commissions-Report-on-UK-Anti-Money-Laundering-Law

 

This blog is primarily for my own use, to keep informed and up to date.  However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

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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