Legal News

Ensuring compliance with the Money Laundering and Terrorist Financing (Amendment) Regulations 2019

Ensuring compliance with the Money Laundering and Terrorist Financing (Amendment) Regulations 2019
Published on: 09 January 2020
Published by: LexisPSL
  • Ensuring compliance with the Money Laundering and Terrorist Financing (Amendment) Regulations 2019
  • How is SI 2019/1511 designed to implement the Fifth Money Laundering Directive, (EU) 2018/843 in the UK?
  • What is the legislative and political background to this?
  • What gaps currently exist in the UK regulatory regime and what are the main changes heralded by SI 2019/1511?
  • How will this affect the day to day activities of those operating in this market?
  • What can practitioners expect the new regulatory landscape to be both before and after Brexit?

Article summary

Corporate Crime analysis: The Money Laundering and Terrorist Financing (Amendment) Regulations 2019, SI 2019/1511 come into force from 10 January 2020, bringing new requirements for financial service providers and others in ‘the regulated sector’ in preventing money laundering and terrorist financing. John Binns, partner at BCL Solicitors LLP, considers the impact of SI 2019/1511 on the day-to-day activities of affected businesses and how Brexit will impact the UK’s future transpositions of EU anti-money-laundering (AML) directives. or take a trial to read the full analysis.

Popular documents