UK Changes to AML Regulation and Outcome of Regime Review
In June this year, the UK Government published its consultation on amendments to the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs). The incoming changes are designed to update existing regulations and also help to fill in the gaps that have emerged with respect to evolving areas, such as crypto assets. The review suggested that the existing regime has been working effectively on the whole but that further incremental AML solutions could help...
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