The UKFIU has published its SARs Annual Report which shows that Funds Denied from Defence Against Money Laundering (DAML) requests were up by 59% in
For many organisations, AML and financial crime training is something that simply must be done. It’s mandatory, often repetitive, and too often focused on theory
Following a public consultation on ‘Improving the Effectiveness of the Money Laundering Regulations’, the government is bringing forward targeted amendments to close regulatory loopholes, address
On 11 March 2024, HM Treasury launched a consultation on the Money Laundering, Terrorist Financing, and Transfer of Funds (Information on the Payer) Regulations 2017
In a show of force for cross-agency collaboration, the National Crime Agency (NCA) has spearheaded a widespread crackdown on high street crime with Operation Machinize,
The Financial Conduct Authority (FCA) recently levied a substantial £16,675,200 fine against Metro Bank PLC (Metro) for significant shortcomings in its financial crime prevention systems
With the change in the anti-money laundering (AML) supervisory approach of the Financial Conduct Authority (FCA), many firms are nervous about whether they will face
The Financial Conduct Authority (FCA) significantly increased its anti-money laundering (AML) and counter-terrorist financing (CTF) supervision activity in 2022-23. During this period, the FCA employed
HM Treasury has initiated an open consultation aimed at refining the Money Laundering Regulations (MLRs) to bolster their effectiveness while reducing burdens on legitimate customers.
In a recent move, the Financial Conduct Authority (FCA) has taken a significant step in addressing the prevalent anti-money laundering (AML) shortcomings among Annex 1