Archive for the ‘HM Treasury’ Category

The EU Fourth Money Laundering Directive adopted in June 2015

The EU Fourth Money Laundering Directive (4MLD) was adopted in June 2015. One of the main requirements which are an enhancement over the 3rd directive is that it requires all Member States to hold ...

Government announces a new crackdown on corrupt professionals who help criminals

Lawyers, couriers and accountants could be jailed if they turn a blind eye to criminal activity they profit from, under Home Office plans. It wants to see a new offence of "participation in an organised crime group" to target those with reason to suspect they are part of an illegal enterprise. This ...

HM Treasury issue advice about unsatisfactory money laundering controls

HM Treasury has issued new advice about risks posed by unsatisfactory money laundering and terrorist financing controls. On 14 February 2014 the Financial Action Task Force (FATF) published two statements identifying jurisdictions with strategic deficiencies in their anti-money laundering and counter financing regimes. The Money ...