EU/UK BREXIT DEAL INCLUDES BENEFICIAL OWNERSHIP AND ML CONFISCATION PROMISES
January 3rd, 2021
THE EUROPEAN Union (EU) and the UK have committed in the Brexit trade agreement agreed on Christmas Eve to work together to seize illicit funds and property tainted with money laundering and terror finance.
These commitments have been made within the 1,256 page deal, which also commits both sides to “ensure that internationally agreed standards in the financial services sector for regulation and supervision, for the fight against money laundering and terrorist financing… are implemented and applied in their territory.”
There is a small detailed section on ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.