The CIOT has responded to two Treasury consultations on the UK’s anti-money laundering (AML) regime, including proposed changes to the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations, SI 2017/692, which are likely to be introduced in spring 2022.
The CIOT’s suggestions and observations include the following:
The CIOT has responded to two Treasury consultations on the UK’s anti-money laundering (AML) regime, including proposed changes to the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations, SI 2017/692, which are likely to be introduced in spring 2022.
The CIOT’s suggestions and observations include the following: