On 22 March, an article from Field Fisher starts by saying that, in the UK, as in other jurisdictions, Islamic finance transactions are not regulated differently from non-Islamic transactions for AML purposes. Existing UK legislation and regulations apply to Islamic finance as they would with any other finance structure or product; and international standards and guidance relating to financial crime is silent on the topic of Islamic financings.  A paper produced by the firm looks at the fundamentals of Islamic finance, anti-money laundering considerations and the due diligence that participants need to undertake.

If you would like to make a modest contribution for my time and ongoing expenses, I have a page, where contributions start as low as $3, at

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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