On 15 June, Shearman and Sterling LLP published an article about amendments which are intended, for the most part, to take effect from 1 September. The article briefly details the changes, including those relating to funds transfer requirements for crypto-asset exchange providers and custodian wallet providers carrying on business in the UK (the “Travel Rule”); and granting AML/CFT supervisors a right, on request, to view the content of a SAR submitted by the firms and individuals supervised by them.
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