HMRC list on Suspension & cancellation of AML supervision

HMRC publishes updated list of businesses whose registration for AML supervision has been suspended or cancelled from 2022. This information is published in accordance with The Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017…

The new UK Register of Overseas Entities goes live

The Register went live on 1 Aug 2022 – Overseas entities who already own or lease land or property in the UK will also need to register with Companies House and advise who their registrable beneficial owners or managing officers are by 31 January...

PRA/FCA conclude investigations into senior managers

The PRA & and FCA  joint investigations into certain former senior managers at HBOS plc have now concluded with a decision by each of the Authorities’ independent decision-makers to take no further action. The Authorities gathered more than 2 million documents,...

UK ML/TF Regulations 2022 passed by Parliament

UK ML/TF (Amendment) (No. 2) Regulations 2022 come into force on 1 Sept 22 extending the scope of BO reporting discrepancies among others. Reg 13 makes it clear that supervisory authorities can directly require members to show them SARs “to help them in...