Changes to the money laundering regulations should focus on increasing the effectiveness of efforts to tackle money laundering through a more risk-based and proportionate approach, the Law Society of England and Wales said as it responded to HM Treasury’s (HMT) call for evidence.
HMT is currently examining the overall effectiveness of the UK’s anti-money laundering (AML), regulatory and supervisory regimes.
The call for evidence will inform the examina...
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