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FCA update on money laundering and the Bank Account Portal

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Published on: 20 October 2020
Published by LNB News

LNB News 20/10/2020

Document Information

Issue Date: 20 October 2020

Published Date: 20 October 2020

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Financial Conduct Authority (FCA) has updated its webpage on money laundering regulations to note that, as the Bank Account Portal (BAP) remains under development, firms are not therefore expected to comply with those parts of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs).

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Jurisdiction(s):
England, Northern Ireland, Scotland and Wales

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