UK Treasury Outlines Plans To Close Economic Crime Gaps After FATF Criticism

UK authorities will soon be issuing their response to the recent evaluation of the country by the Financial Action Task Force (FATF), with a strategic plan coming in the summer and an imminent consultation on the implementation of relevant EU legislation.

Although FATF’s evaluation of the UK’s financial crime controls, which was published at the end of last year, was largely positive, it identified a number of areas in which the country fell short.

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