New landscape of anti-money laundering and related reforms

Published on: 31 March 2017

Published by: LexisPSL

New landscape of anti-money laundering and related reforms
The Fourth Anti-Money Laundering Directive is due to be implemented by 26 June 2017—what changes do you think it might herald for corporate crime practitioners?
The government has recently closed its consultation on implementation and indicated it will be repealing MLR 2007 and replacing them with the draft MLR 2017. What impact, if any, do you think this will have on the criminal offences under the current regulations?
The proposed fifth Anti-Money Laundering Directive (MDL5) contains a range of further amendments to MLD4 specifically to counter terrorist financing. What aspects in particular do you think corporate crime practitioners ought to be aware of?
What changes do you see on the horizon in this arena and what impact do you think these will have on corporate crime practitioners?
What is the impact of MLD5 on the timing of implementation of MLD4?

Article summary

Corporate Crime analysis: Taking a look at forthcoming changes to the criminal money laundering regime, Robin Booth, special counsel at BCL Solicitors, and John Binns, partner at the firm, say the broad picture is clearly one of a determination by the EU and UK authorities to create an ever more hostile environment for money laundering and terrorist financing, based increasingly on a partnership between law enforcement authorities and the private sector. Sign in or take a trial to read the full analysis.