Review of the UK’s AML/CFT regulatory and supervisory regime
The government is publishing two post-implementation reviews and a forward-looking review of the UK’s anti-money laundering and countering the financing of terrorism regime.
Review of the UK’s AML/CFT regulatory and supervisory regime
Post Implementation Review of the Money Laundering Regulations
Post Implementation Review of the OPBAS Regulations
Details
The government is publishing a forward-looking review of the UK’s AML/CFT regime, in response to the call for evidence launched last year. Alongside this, the government is also publishing two post-implementation reviews to fulfil its statutory obligations; one of the Money Laundering Regulations 2017 and one of the OPBAS Regulations 2017. Taken together, these three documents make a thorough evaluation of the role of the regulations in the UK’s anti money-laundering regime and set out the next steps to improve their effectiveness.
Article credit: https://www.gov.uk/government/publications/review-of-the-uks-amlcft-regulatory-and-supervisory-regime