Money Laundering in UK Law
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Money laundering roundup
The FCA has a key role in ensuring that firms have adequate safeguards to prevent themselves from being used for financial crime, in particular money laundering. That is why the FCA made financial ...
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Fourth Money Laundering Directive
The Fourth Money Laundering Directive, published in the Official Journal, is in substantially the same form as the text adopted by the European Parliament at second reading. The directive must be i...
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Money Laundering In The U.K.
As the Anti Money Laundering Blog mentioned on April 1, 2008, the U.S. State Department has listed the United Kingdom as a Major Money Laundering Country in 2008. The State Department however, had...
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Letting agents: anti-money laundering requirements
On 10 January 2020, The Money Laundering and Terrorist Financing (Amendment) Regulations 2019 came into force. As a result, letting agents are now supervised by HMRC for anti-money laundering and c...
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Spotlight on Money Laundering
The National Crime Agency’s use of the Unexplained Wealth Order regime has also created high profile headlines exposing lavish spending habits of individuals whose wealth is unexplained. It is this...
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Two Acquitted of Money Laundering
James Campbell Sutherland and Jack William Flader were found not guilty of money laundering by a jury at Southwark Crown Court. The nine week trial was the last in a series of three "boiler room fr...
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Money laundering: the net closes in?
Money laundering remains a hot topic for the UK government, and further developments in recent months show the continuing efforts to reform and enhance the UK's anti-money laundering ("AML") regime...
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Money laundering goes mainstream – How will the FCA Respond?
Money laundering has gone mainstream. The television drama Breaking Bad contained one of the clearest explanations of money laundering ever given. The new series McMafia has highlighted London as a...
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Dual-Track Money Laundering Investigations: One-Way Traffic?
Speaking at the Global Investigations Review Live event in London on 4th April, Mark Steward, Director of Enforcement and Market Oversight at the UK Financial Conduct Authority (“FCA”), addressed t...
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UK tightens defences against money laundering
Last September HM Treasury issued a consultation concerning the transposition of the Fourth Anti-Money Laundering Directive (4MLD). The consultation outlined how the UK Government intended to impl...
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