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Reach of Money Laundering Regulations 2017

Public consultation on the proposed new draft Money Laundering Regulations 2017 (“MLR 2017”) closed on 12 April 2017.  The government must now move swiftly with any amendments if it is to achieve compliance with the deadline of 26 June 2017 for the transposition of the EU Fourth Money Laundering Directive (“4MLD”) into UK law.  With time marching on, of critical importance to the regulated sector is the extent to which the final version of the MLR 2017 actually increase Customer Due Diligence (“CDD”) requirements.  Against this background, three key matters are ripe for examination: the reach of the new CDD provisions in the MLR 2017, the major changes to managing and responding to money laundering risk, and capacity for record sharing.  Read the full BLL portal post here. 

Benefit Analysis in R v Neuberg [2016] EWCA Crim 1...
Reach, Risk and Record Sharing: Money Laundering R...

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