WILL BREXIT LOOSEN UK AML CONTROLS? EXPERTS ARE DIVIDED
April 1st, 2018
WILL Brexit increase money laundering through the UK, or will the British government’s October 2017 Sanctions and Anti-Money Laundering Bill (SAMLB) and the UK money laundering regulations 2017 adequately replace the European Union’s (EU) anti-money laundering directives (AMLD)?
British Labour member of the European Parliament (MEP) Claude Moraes has his doubts. He told the Money Laundering Bulletin: “The government needs to provide concrete assurances that EU laws against money laundering, due to be strengthened with the adoption of the fifth anti-money ...
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