Category 'AML'


Private Equity Administrators discusses the key impacts to the proposed Fourth European Anti-Money Laundering Directive (4th EAMLD)

We will just be recovering from the AIFMD rollercoaster when the time limits will be up for transposing the final text of the 4th EAMLD into UK law. As AML resourcing and cost constraints continue to be at the top of senior management’s agendas, recipients of the 4th EAMLD would probably welcome the ability to…

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Private Equity Administrators shares some insights into developing great AML practice

The Financial Conduct Authority (FCA) has fined Standard Bank PLC (Standard Bank) £7,640,400 for failings relating to its anti-money laundering (AML) policies and procedures over corporate customers connected to politically exposed persons (PEPs). Tracey McDermott, director of enforcement and financial crime at the FCA, commented: “If banks accept business from high risk customers they must…

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