The European Union Financial Sanctions (Amendment of Information Provisions) Regulations, SI 2017/754, came into force on 8 August 2017, extending the EU financial sanctions regime beyond financial services firms to auditors, casinos, dealers in precious metals or stones, estate agents, external
The European Union Financial Sanctions (Amendment of Information Provisions) Regulations, SI 2017/754, came into force on 8 August 2017, extending the EU financial sanctions regime beyond financial services firms to auditors, casinos, dealers in precious metals or stones, estate agents, external accountants, independent legal professionals, tax advisers, and trust or company service providers.
These businesses and professions will now commit an offence if they fail to report to HM Treasury that they know, or have reasonable cause to suspect, that they are acting for someone subject to international financial sanctions. The amendments are to ensure that the UK meets best practices set by the Financial Action Task Force.
The European Union Financial Sanctions (Amendment of Information Provisions) Regulations, SI 2017/754, came into force on 8 August 2017, extending the EU financial sanctions regime beyond financial services firms to auditors, casinos, dealers in precious metals or stones, estate agents, external
The European Union Financial Sanctions (Amendment of Information Provisions) Regulations, SI 2017/754, came into force on 8 August 2017, extending the EU financial sanctions regime beyond financial services firms to auditors, casinos, dealers in precious metals or stones, estate agents, external accountants, independent legal professionals, tax advisers, and trust or company service providers.
These businesses and professions will now commit an offence if they fail to report to HM Treasury that they know, or have reasonable cause to suspect, that they are acting for someone subject to international financial sanctions. The amendments are to ensure that the UK meets best practices set by the Financial Action Task Force.
