Archive for May, 2011

17.05.11 Proposed Changes to the ML Regime

May 17, 2011  |   AML Legislation updates   |     |   0 Comment

I have just attended the 8th annual conference of IMLPO where two of the key speakers, Edward Garnier QC MP, Solicitor General and Hugh Burns, Head of Financial Crime Team HM Treasury, gave interesting updates to both the international and UK regimes and a time table for new changes. Firstly, the ...

12.05.11 ICAEW Fine Accountant £5,000 for breach

May 12, 2011  |   General News & Cases,Professional Bodies   |     |   0 Comment

At a Disciplininary Council meeting a Mr P R Honeywell FCA was found to have failed to comply with Money Laundering Regulations2007 in that, following a practice assurance visit, he failed to: (i) document a client due diligence review; and (ii) identify clients for whom his firm, Honeywell (Monmouth) Limited, provides payroll ...