De-Risking Discouraged Amid UK Money Laundering Shake-Up

Termination of corresponding banking relationships will not be enough to satisfy UK regulators once current anti-money laundering (AML) reforms are complete, legal experts have said.

The UK is inching closer to transposing the 4th Anti-Money Laundering Directive (4th AMLD) into national law, with consultations on accompanying guidance set to conclude tomorrow.

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