U.K. Issues Proposed Guidance for Professional Body Supervisors on AML Supervision

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Author: 

Bruce Zagaris

Date Published: 

Friday, August 11, 2017

Volume: 

33

Issue: 

8

Subject Areas: 

Compliance
Financial Enforcement
Money Laundering

Geographic Identifier: 

United Kingdom

Abstract: 

On July 24, 2017, the United Kingdom Financial Conduct Authority (FCA) issued proposed guidance on a sourcebook for professional body supervisors on anti-money laundering (AML) supervision. The proposed guidance was issued pursuant to Articles 17, 18(4) or 48(1) of the fourth anti-money laundering directive.