Friday, October 30, 2020

UK: Tougher money laundering rules fail to bring prosecutions

UK: Tougher money laundering rules fail to bring prosecutions 1
By Olaalpha

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Tougher money laundering rules fail to bring prosecutions

The Uk’s financial services sector is said to spend about £5 billion on core financial crime compliance measures Not a single prosecution has been brought under the new money laundering regulations, a City law firm has revealed. The rules, which were introduced in June 2017, require regulated professionals to […]

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