GUIDANCE ON NEW UK AML REGIME COULD TAKE MONTHS TO ARRIVE

On 9 January, the Law Society Gazette reported that official guidance on how to comply with the new AML regime coming in to force from 10 January may not be available for months, the Solicitors Regulation Authority admitted.  It also said that that its enforcement activity will take into account the ‘limited time that firms have had to prepare’ for the 5^th Anti-Money Laundering Directive.

https://www.lawgazette.co.uk/practice/guidance-on-new-aml-regime-could-take-months/5102676.article

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 View all posts by raytodd2017