The UK has already made much progress. The National Risk Assessment Money Laundering and Terrorist Financing Risk Assessment was published in October 2015, followed by a National AML Action Plan this year. The Persons of Significant Control Register (effectively a beneficial ownership register) became publicly accessible in June. In September 2016, the UK Government launched […]

The Fourth EU Money Laundering Directive (4MLD), which came into force on June 26, 2015 (implementation by June 26, 2017) is designed to bring a more robust risk-based approach to the prevention of money laundering and terrorist financing across all Member States. The key 4MLD changes that all firms should be mindful of to ensure […]

A brief update on developments as we enter the final stages of the legislative process. Read more = http://www.lawsociety.org.uk/advice/articles/fourth-directive-update/?utm_source=emailhosts&utm_medium=email&utm_campaign=AML+-+29%2F01%2F2014