UK CROWN DEPENDENCIES STILL AWAIT FULL BLESSING FROM AML WATCHDOGS
October 1st, 2012
BY ALAN OSBORN
BRITAIN'S Crown Dependencies (CDs) - the Channel Islands and the Isle of Man - have always been tricky customers for the world's anti money laundering authorities to get a fix on. This shows up in the approach taken by the European Commission to them in its so-called anti-money laundering (AML) 'white list'." Agreed by EU member states, this is a "positive" indicator, said a Commission note, "recognising those jurisdictions whose AML regimes meet the same standards as those in the EU," (of which the Crown Dependencies ...
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