Money laundering

Recent Articles

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    19/03/2024

    HM Treasury launches consultation on improving the effectiveness of the Money Laundering Regulations

    HM Treasury (“HMT”) has launched a consultation (the “Consultation”) on improving the effectiveness of Money Laundering Regulations 2017 (“MLRs”). The Consultation follows HMT’s 2022 review of the UK’s anti-money laundering (“AML”) and counter-terrorist financing (“CTF”) regulatory and supervisory regime (the “2022 Review”), and the Economic Crime Plan 2023-26. While the 2022 Review concluded that the MLRs remain broadly fit for purpose and compliant with international standards set by the Financial Action Task...
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    18/03/2024

    Financial Services Webinars On Demand

    Click here to view recordings of CMS financial services webinars available on demand. Webinars are a convenient way to stay informed and hear from our legal experts. 
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  •  
    06/03/2024

    FCA sends Dear CEO letter to firms in warning over money laundering failings

    The Financial Conduct Authority (“FCA”) has sent a Dear CEO letter (the “Letter”) to Annex 1 Firms warning them about common failings found in their ability to prevent money laundering, terrorist financing and proliferation financing (hereafter “Financial Crime”). This forms part of the FCA’s enhanced monitoring of Annex 1 Firms in relation to their Financial Crime controls and its increasingly proactive approach in enforcing its regulatory expectations.The FCA is asking Annex 1 Firms to carry out a gap analysis against the failings it has identified in...
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    19/02/2024

    Financial Services Webinars On Demand

    Use the below link to view recordings of CMS financial services webinars available on demand. Webinars are a convenient way to stay informed and hear from our legal experts.   
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  •  
    22/01/2024

    EU Proposals for a Regulation and a Directive on Anti-Money Laundering on the path to final adoption

    On 18 January 2024, the Council of the European Union and the European Parliament reached a provisional agreement on a part of the new anti-money laundering and counter terrorism financing (“AML/CTF”) package, which includes four texts:Regulation 2023/1113 on information accompanying transfers of funds and certain crypto-assets;Proposal for a Regulation establishing the Authority for AML/CTF (AMLA), for which a provisional agreement between the Council of the European Union and the European Parliament was reached on 13 December 2023;Proposal for a Regulation on the prevention of the...
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  •  
    29/11/2023

    Financial Services Webinars On Demand

    Use the below link to view recordings of CMS financial services webinars available on demand. Webinars are a convenient way to stay informed and hear from our legal experts.     
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