by AdrianaAMLP | Jun 17, 2022
The UK remains compliant given the mechanisms in place to ensure the compatibility of AML/CFT requirements with rules on data protection and confidentiality and to promote the exchange of information among competent authorities….
by AdrianaAMLP | Jun 17, 2022
The requirements set out in the MLRs and the JMLSG Guidance are the minimum legal requirements that all FLA motor finance members must comply with in the battle against money laundering, fraud and terrorist funding. Members will undertake appropriate steps to...
by AdrianaAMLP | Jun 15, 2022
HMT publishes outcome of consultation on proposals to make some time-sensitive updates to the MLRs, required to ensure that the UK continues to meet international standards, whilst also strengthening and ensuring clarity on how the AML regime operates…
by AdrianaAMLP | Jun 15, 2022
When submitting a SAR, the relevant glossary code should be included in the ‘Reason for Suspicion’ text space. Where you do report a crime alongside a SAR it will be good practice to include the crime reference and the organisation details in the SAR….
by AdrianaAMLP | Jun 13, 2022
US & UK Govt collaborate to develop prize challenges to generate technology innovation to help tackle the global challenge of financial crime. Privacy-enhancing technologies (PETs) could play a transformative role in addressing these financial crimes…
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