AML Compliance Guidance for the Regulated Sector - What’s New?

Introduction

In response to public concern about tainted money in the UK, in 2022 the government has introduced new laws to combat economic crime and increased sanctions designations.

These developments pose implications for the AML regulated sector, as does the increased use of cryptoassets to fund transactions.

During this webinar, expert speaker Anita Clifford will discuss why it is essential that regulated professionals keep at the forefront of their mind their AML obligations and are up to date with recent developments which have a bearing on how they consider AML risk.

What You Will Learn

This webinar will cover the following:

• A refresher of the AML obligations - reporting, risk assessment and CDD
• The practicalities of source of funds checks and ongoing monitoring
• CDD in the context of cryptoassets
• Sanctions activity and AML implications
• AML obligations to watch for - registration renewal, trusts registration requirements and the economic crime levy
• Government consultation and forthcoming amendments to the Money Laundering Regulations

This webinar was recorded on 22nd August 2022

Quick Quiz - Test Your Knowledge: Money Laundering