News

Bright Line Law News

Latest news & updates from Bright Line Law.

Virtual Currencies, Crowdfunding and the Money Laundering and Terrorist Financing Risk

Natasha Reurts provides an overview of a European Commission report published in late June 2017 on the assessment of money laundering and terrorist financing risks for virtual currencies and crowdfunding platforms, and queries whether there is a sufficient basis for greater regulation in this area. Read the full BLL...
Continue reading

OPBAS: A Big Brother Approach?

Speed Read : Natasha Reurts provides an overview of the proposed Office for Professional Body Anti-Money Laundering Supervision (“OPBAS”) and discusses potential challenges and tensions ahead. Read the full BLL post here.
Continue reading

Jonathan Fisher QC on effect of Money Laundering Regulations 2017 for SMEs in The Brief

The Money Laundering Regulations 2017 introduce significant changes to the approach to Customer Due Diligence undertaken by regulated firms. On 5 July 2017 Jonathan Fisher QC was asked by The Brief, an online supplement published by The Times, to provide expert analysis of the effect of the Regulations on...
Continue reading

Money Laundering Regulations 2017 (UK): A Comparison of the Draft and the Enactment

The Money Laundering Regulations 2017 (UK) entered into force on 26 June 2017, having been laid before Parliament and approved on 22 June. As regulated persons now move swiftly to ensure compliance, the immediate question is: how different is the draft Regulations, published in April, from the final product?...
Continue reading
Featured

Preparing a Firm’s Risk Assessment and the Independent Audit Function

Jonathan Fisher QC discusses the changes to risk assessment and the introduction of the independent audit function effected by the new Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer)  Regulations 2017. Money laundering reporting officers and nominated officers operating within the regulated sector will need to...
Continue reading

The White Collar Centre