AML REFORM KEY PART OF NEW UK ANTI-CORRUPTION STRATEGY
December 1st, 2017
ANTI-MONEY laundering is at the core of a new UK anti-corruption strategy for the next five years (to 2022), which was published on Monday (Dec 11).
The detailed strategy includes creating a new Office for Professional Body Anti-Money Laundering Supervision (OPBAS), hosted by the Financial Conduct Authority (FCA). Its goal is to ensure that AML supervisors within professional bodies work to a consistently high standard, sharing best practice and ensuring suspicious transaction intelligence flows freely to law enforcers. OPBAS will be fully operational by the ...
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