United Kingdom

EU Fifth Anti-Money Laundering Directive Published

On June 19, 2018, the Official Journal of the European Union (EU) published the Fifth Anti-Money Laundering Directive (5MLD) that includes amendments to resolve issues within the existing Fourth Anti-Money Laundering Directive (4MLD), including terrorist financing, tax leaks and the… Read more >

Utopia Unleashed for Money Launderers, But Now Their Secrets Are Revealed

A new discovery of documents coined “The Paradise Papers” reveals the secrets of two offshore firms, 19 secrecy jurisdictions, and 13.4 million files.  These files were obtained by the German newspaper, Süddeutsche Zeitung, and were released by the International Consortium… Read more >

New Money Laundering Regulations in the UK

Professionals across all industries and sectors must familiarize themselves with the Money Laundering Regulations 2017 (MLR2017) which has introduced a variety of new provisions to replace and expand the requirements of the existing Money Laundering Regulations 2007 (MLR2007).  This newest… Read more >

International Effort Launched to Tackle Grand Corruption

The International Anti-Corruption Coordination Centre (IACCC) will be launching a multinational effort to combat grand corruption which can include bribery of public officials, embezzlement, abuse of power and money laundering of profit from illegal activity. At the time of the… Read more >