Anonymised Anti-Money Laundering (AML) case studies, to assist members in reviewing AML policies and procedures, are available on our enforcement notices page – click here.

Changes to AML regulations

As part of Brexit arrangements, the Money Laundering and Terrorist Financing (Amendment) (EU Exit) Regulations 2020 have now come into force.

The main changes to be aware of are the removal of the requirement in Client Due Diligence (CDD) to take reasonable measures to make certain the ownership and control arrangements of publicly listed companies, as well as updated electronic due diligence and persons with significant control (PSC) requirements. Read more here.