AML - the essentials: July 2016
The third issue of 'Anti-money laundering - the essentials' covers: the AML Action Plan, the National Crime Agency’s (NCA) SARs reporter booklet and a look at the 4th Anti Money Laundering Directive which has been re-opened at an EU level.
In this issue:
Page last updated
27 July 2016
The National Crime Agency (NCA) has published their SARs reporter booklet. This includes case studies and feedback from law enforcement on the use of SARs.
NCA has also published new guidance to help improve the quality of consent requests.
The Home Office has published the AML Action Plan which includes proposals for reform of the supervisory regime, the legislative framework and asset recovery. We welcome the Government’s intention to reform the SARs regime.
The 4th Anti Money Laundering Directive has been re-opened at an EU level. This document summaries the areas to which amendments are to be expedited. We expect the implementation to precede Brexit.