- July 15, 2017
- Posted by: FinancialCrimeServices
- Category: Uncategorized
The new regulations concerning money laundering were finally transposed into UK law as a result of the 4th EU Anti-money laundering Directive. The regulations under the title of ‘Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017’ came into effect on the 26th June and will provided significant challenges for regulated firms in how they go about their day to day business. The notable changes see the requirement for firms to conduct an AML Risk Assessment, changes to the PEP regime and CDD requirements. FCS Ltd is now providing training to regulated firms in order to update them as regards to the regulatory changes. In order to book “in-house” training for its staff, firms should click here.