Money Laundering

The news items and other information on this site do not purport to be comprehensive or to give legal or professional advice. cpm21 does not provide legal advice. Whilst every effort has been made to ensure accuracy, neither cpm21, its owners, employees, associates, collaborators, agents or trainers can be held liable for any errors or omissions or inaccuracies contained within each communication, on its website, or in articles, tweets, posts or blogs on social networking sites. Readers should not act upon (or refrain from acting upon) information provided without first taking further specialist or professional advice. cpm21

 

By Jerry Walters

The changing face of AML in the UK

The changing face of AML in the UK

There are significant changes on the horizon in the world of Anti-Money Laundering as the UK Government announced last week two major developments in the fight to combat the threat of money laundering to the UK economy.  Firstly, there was the announcement of the establishing of a new AML watchdog ‘The Office for Professional Body Anti Money Laundering Supervision’ (OPBAS). The new watchdog is part of the Financial Conduct Authority (FCA) and will operate within its existing governance arrangements.

By Andrew Clarke

The 4th EU Money Laundering Directive

THE 4TH EU MONEY LAUNDERING DIRECTIVE
On 11 March 2014 a vote took place in the European Parliament when agreement was reached on the draft 4th EU Money Laundering Directive. The final text will now be established and adopted later this year.