Guidance and other work that we have done on anti-money laundering law and practice, in the UK and internationally.
Money-launderingOrganised crimeFinancial crimeComplianceEffectivenessPurpose This paper aims to provide a more nuanced understanding of the effectiveness of the anti-money laundering (AML) regime in the UK and explore opportunities to improve policy and performance. Design/methodology/approach Qualitative ...
Europe Middle East Africa Asia Canada USA Bahamas Barbados Bermuda Cayman Islands Guyana Jamaica OECS Trinidad & Tobago Virgin Islands (British) Ensure your practice is equipped to handle some of the biggest emerging threats including money laundering, cyber security, GDPR and data security ...
Anti-Money Laundering (AML)In the UK ACCA is a Professional Body Supervisor (PBS) for money laundering as detailed in schedule 1 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs 2017). In Ireland ACCA is a Prescribed ...
We have an important role as the largest accountancy professional body supervisor in the UK, supervising around 11,000 firms
The UK amended its anti-money laundering (AML) framework on 10 January 2020, enforcing Money Laundering and Terrorist Financing (Amendment) Regulations 2019. The following are the high-level changes it makes to comply with standards set by the Financial Action Task Force (FATF) and the EU’s ...
UK Money Laundering Regulations The UK's Money Laundering, Terrorist Financing, and Transfer of Funds (Information on the Payer) Regulations 2017, commonly known as the Money Laundering Regulations 2017, is a key piece of legislation. It encompasses a wide range of obligations for UK businesses to...
Notably, the Act does not include the long-delayed ‘failure to prevent economic crime’ offence. It is expected that this is being accelerated and will be introduced in the coming months. The government has also indicated that further reforms to the UK’s money laundering regime to build on...
TheFifth Money Laundering Directive(5AMLD) came into effect on 10thJanuary 2020, and participants operating in the art market both in the UK and the rest of Continental Europe will be captured within the scope of this legislation. As such the Gurr Johns group of companies (Gurr Johns Ltd. ...
In 1990, the European Union introduced its first anti-money laundering Directive. This directive, which is regularly updated, aims to prevent the misuse of the financial system for money laundering. In the UK, anti-money laundering laws are enforced under theProceeds of Crime Act 2002 (POCA)....