Money Laundering Review
HM Treasury has published a consultation on changes to the Money Laundering Regulations 2007 (MLR2007) by way of a response to a review carried out last year. The Government committed to a review two years after implementation.
The good news is that whilst there are seventeen consultation questions, the proposed changes will have no practical day-to-day effect on regulated firms.
The consultation period ends 30 August 2011.