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Money Laundering & Terrorist Financing

United Kingdom

This section covers AML/CTF initiatives by FCA, HMT, HMRC, JMLSG and other related UK organisations.

FCA Financial Crime: Guide for firms
HM Treasury Money Laundering Prevention
HMRC Money Laundering Regulations
JMLSG industry Guidance
FATCA UK Regulations 2013
FATCA UK Regulations Guidance 2013
Gambling Commission Money Laundering
National Crime Agency updates

And many more…

 

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Home Office releases counter-terrorism strategy for 2023

August 24, 2023

The aim of CONTEST is to reduce the risk from terrorism to the UK, its citizens and interests overseas, so people can live freely and with confidence.

HMRC publishes list of businesses found not to be complying with money laundering regulations

August 17, 2023

Report covers Q1 of the 2023 calendar year.

FCA sets out expectations for UK cryptoasset businesses complying with the Travel Rule

August 17, 2023

From 1 September 2023, cryptoasset businesses in the UK will be required to collect, verify and share information about cryptoasset transfers, known as the ‘Travel Rule’.

NCA publishes Annual Plan for 2023/24

August 17, 2023

Outlines the agency’s operation priorities for 2023/24.

NCA releases SARs in Action

August 15, 2023

21st issue covers the SARs Reform Programme, the UAE FIU’s visit to the UKFIU and the role that ‘Professional Enablers’ play in facilitating illicit finance, with analysis from the National Economic Crime Centre (NECC).

FCA invites Politically Exposed Persons to share their experiences

August 15, 2023

FCA is currently reviewing how financial services firms have applied the PEPs regime and whether changes to the guidance are required.

JMLSG publishes proposed amendments to crypto-asset transfers guidance

August 1, 2023

The proposed addition of Annex I to Sector 22 takes account of amendments relating to cryptoasset transfers, as introduced by The ML/TF (Amendment) (No. 2) Regulations 2022. Comments on the proposed revisions should be received by 25th August 2023.

Guernsey FSC: Thematic Review of managing the risk posed by Politically Exposed Persons

July 27, 2023

FSC undertook onsite inspections to 30 firms across the sectors with the largest exposure to PEPs and found that the controls employed by firms to mitigate PEP risk were effective, with only three of the 30 firms requiring risk mitigation programmes to remediate identified issues.

SRA issues AML/TF risk assessment guidance

July 24, 2023

Firms should assess their risks and target their resources to the areas or products that are most likely to be used to launder money. The UK Government periodically undertakes a National Risk Assessment pulling together risk-based information from all sectors…

NCA publishes Annual Report and Accounts 2022/23

July 19, 2023

This report details the Agency’s performance over the past financial year and relates to operational activity the Agency has undertaken or where Agency activity led to interventions overseas.

SFO releases Annual Report & Accounts 2022-23

July 18, 2023

SFO performance was characterised by a higher number of prosecutions than in previous years, a steady number of active investigations, and the beginning of a wide-ranging programme of internal reform.

Home Office publishes report on counter-terrorism strategy (CONTEST) 2023

July 18, 2023

The aim of CONTEST is to reduce the risk from terrorism to the UK, its citizens and interests overseas, so people can live freely and with confidence.

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