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Four lessons from record money services business AML fine

Four lessons from record money services business AML fine
Published on: 05 February 2021
Published by: Law360
  • Four lessons from record money services business AML fine
  • 1. The failings identified in the MT Global case are commonplace in the industry
  • 2. Expect more and larger penalties
  • 3. There is more to enforcement than fines
  • 4. Expect more challenges

Article summary

Law360, London: HMRC recently imposed a record fine on MT Global over anti-money laundering (AML) violations, highlighting several AML enforcement and supervision considerations for money services businesses (MSB) and their advisers, says Jessica Parker at Corker Binning. or take a trial to read the full analysis.

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