Anti-money laundering bulletin - Autumn 2017

Regulatory Update

DLA Piper’s Financial Services Regulatory team welcomes you to the Autumn 2017 edition of our Anti-Money Laundering (AML) Bulletin. In this issue, we provide updates on AML developments in the UK and internationally, including:

UK News and enforcement action

  • Money Laundering Regulations 2017 published
  • Information about People with Significant Control (Amendment) Regulations 2017 published
  • FCA publishes final guidance on the treatment of Politically Exposed Persons for AML purposes
  • FCA publishes guidance consultation on office for professional anti-money laundering supervision
  • FCA publishes anti-money laundering annual report for 2016/2017

International news

  • Report on the assessment of the risks of money laundering and terrorist finance affecting the internal market and cross-border activity
  • Final report on draft RTS on MLD4 central contact point issued by ESAS’ Joint Committee
  • Final report on MLD4 AML and CTF risk factor guidelines published by the Joint Committee of ESAS final report
  • Office of financial sanctions implementation identifies high-risk countries where enhanced due diligence is required