UK’s AML/CFT regulatory & supervisory regime

The amendments includes ensuring the regulated sector “provides valuable intelligence” to highlight that “effective” prevention involves more than just technical compliance, ensuring supervisors both monitor and enforce compliance with the…

FATF Rec. 25 on transparency & beneficial ownership

FATF is considering whether countries should apply measures to understand the risk posed by trusts and similar legal arrangements governed under their law or which are administered in their jurisdictions or whose trustees are residing in their...

HMT post implementation review of ML regulations

Specific deficiencies remain in the application of risk mitigating measures by the private sector, with supervisors noting inadequate customer due diligence or policies, controls and procedures as a common failing identified through their supervision…