Anti-Financial Crime & Financial Crime Compliance
Regulatory Intelligence Leadership | Insight | Network

AML, Analysis, Banking, CFT, Compliance, Financial Crime, Financial Services, Regulatory, UK

LATEST: Britain’s Treasury consults with banks on easing burden of AML checks

UK AML: British Treasury Minister Baroness Vere (pictured) launched the consultation today. She said: "A key principle in the MLRs is proportionality. Where there is room to find a better balance between what we ask of regulated firms and customers, and the risk of money laundering and terrorist financing, then we want to seek to address this."

By AML Intelligence Correspondents BRITAIN’s Treasury today (Monday) proposed ways to ease the burden of AML checks applied by banks, and reflect the impact of Brexit and emergence of new financial activities such as cryptoassets. The rules are used by 100,000 businesses such as banks, accountants, lawyers, estate agents, and casinos to undertake KYC initial…

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!