Posts Tagged ‘HM Treasury Guidance’
07.06.11 HM Treasury Publish MLR Review
HM Treasury published its response to the review of the Money Laundering Regulations 2007. It is a consultation document requiring responses to be submitted by 30August 2011. It separates itself from the obvious areas from which FATF will review their 40 recommendations such as PEP’s and expansion of the regime. These ...
17.05.11 Proposed Changes to the ML Regime
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 ...
15.03.11 Reminder from HMRC – Money laundering risks from politically exposed persons
Financial sanctions imposed on Libya, Zimbabwe, Al-Qaida and the Taliban The UK Government has announced financial sanctions against the regimes in Libya and Zimbabwe and against anyone associated with either Al-Qaida or the Taliban. Recent developments in the Middle East have highlighted the need for businesses to be vigilant and have robust ...
18.03.10 HM Treasury Press Release
[caption id="attachment_392" align="alignleft" width="282" caption="HM Treasury"][/caption] HM Treasury today issues a Statement on Money Laundering controls in Overseas Jurisdictions The notice constitutes advice issued by HM Treasury about risks posed by unsatisfactory money laundering controls in ...
10.08.09 JMLSG to Update AML Best Practice
Proposed amendments to key AML guidance in the UK were released on August 10th by the Joint Money Laundering Steering Group (JMLSG), a group of leading UK financial services trade associations that includes the British Bankers Association. JMLSG guidance is seen as the standard for AML compliance. Over recent months, the ...
26.04.09 HMRC issue revised guidance to MSB’s
This guidance is being sent to Money Service Businesses (MSBs) with a copy of the first direction issued under the Counter Terrorism Act 2008 Schedule 7 which affects them and will shortly be included in Public Notice MLR8: Preventing money laundering and terrorist financing. Who is this guidance for? This guidance is ...
03/02/09 Important information for Money Service Businesses (MSBs)
This note is to alert all Money Service Businesses (MSBs) to HM Treasury’s new powers to issue directions under the Counter Terrorism Act which came into force on 26 November 2008. What powers does HM Treasury have? HM Treasury (HMT) may give a direction if one or more of the following apply: • The ...
