UK: OFFICE FOR PROFESSIONAL BODY ANTI-MONEY LAUNDERING SUPERVISION (OPBAS) ANNUAL REPORT

On 20 September, the FCA reported that OPBAS had released its latest report on progress made in tackling money laundering by professional body supervisors over the past year.  It says that OPBAS continues to find differing levels of achievement and some significant weaknesses.  The report highlights examples of effective supervision from some supervisors, but says that there are key areas in which many need to improve.

https://www.fca.org.uk/news/press-releases/opbas-publishes-report-progress-and-themes-2020-21

https://www.fca.org.uk/publication/opbas/supervisory-assessments-progress-themes-2020-21.pdf

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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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