On March 21, the UK’s Joint Money Laundering Steering Group (JMLSG) opened a consultation on (Consultation), and published proposed revisions (Proposal) to, Part I of its guidance on the prevention of money laundering and the financing of terrorism for the UK financial services industry (Guidance).
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money laundering
EU Commission Publishes Roadmap of Proposal To Criminalize Money Laundering
By Neil Robson on
Posted in EU Developments, Financial Markets
On October 25, the European Commission (Commission) published a roadmap (Roadmap) in relation to its proposal for an EU directive on the criminalization of money laundering. The Roadmap forms part of the Commission’s action plan (Action Plan) against terrorism financing, published in February 2016, and aims to introduce minimum rules for the definition of the criminal offense of money laundering and sanctions.
Continue Reading EU Commission Publishes Roadmap of Proposal To Criminalize Money Laundering