There have been several developments since our November 2021 Risk Update, including –
- The Money Laundering and Terrorist Financing (Amendment) (No. 3) (High-Risk Countries) Regulations 2021: Botswana and Mauritius were removed from the list and Jordan, Mali and Turkey have been added.
- HM Treasury published Anti-money laundering and counterterrorist financing: Supervision Report 2019-20
- The SRA published a report on Money Laundering Governance and the role of MLCOs and MLROs: Three Pillars of Success;
- Chainalysis published its 2021 Crypto Crime Report, explaining how cryptocurrency is used in money laundering and ransomware;
- Companies House announced a new procedure for reporting PSC (People with Significant Control) discrepancies.
Links to these and more are on www.legalrisk.co.uk/News, and a wealth of other resources on www.legalrisk.co.uk/AML.
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