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Changes to AML and CTF policy following MLR 2017

Changes to AML and CTF policy following MLR 2017
Published on: 25 July 2017
Published by: LexisPSL
  • Changes to AML and CTF policy following MLR 2017
  • Changes to the AML and counter-terrorist financing policy

Article summary

A strong AML and counter-terrorist financing policy is the mainstay of ensuring compliance with the new Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR 2017), SI 2017/692, and is particularly important as MLR 2017 introduces new requirements relating to systems and controls, client due diligence and risk assessment. Precedent: AML and counter-terrorist financing policy plays an important role in our AML and CTF suite of documents, and it’s been through a major update to address the MLR 2017. It’s a complicated document, so we’ve created this handy summary of the main changes and where you can find them. or take a trial to read the full analysis.

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