Legal News

What new UK money laundering law means for fintech

Published on: 10 June 2021
Published by: Law360
  • What new UK money laundering law means for fintech
  • The Kalifa fintech review: a long-term road map
  • The Financial Services Act 2021
  • Defence against money laundering
  • Freezing and forfeiture orders
  • Failure to prevent economic crime

Article summary

Law360, London: Electronic money and payment institutions are set to benefit from the UK’s new money laundering legislation. However, an increase in state forfeiture powers and possibility of a broad failure-to-prevent offence still on the horizon leaves the regulatory future of the financial technology industry uncertain. or take a trial to read the full analysis.

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