Thursday, October 29, 2009

UK Review of Money Laundering Regulations 2007

The UK Treasury is reviewing its money-laundering regime. It is looking for inputs:

HM Treasury has published this Call for Evidence to capture information and views on how the Money Laundering Regulations 2007 are working. . . . We want to capture views on how the regulations are designed as well as how they work in practice, in terms of how effective and proportionate they are and how much engagement there has been. The review will focus on the full scope of the 2007 Regulations (not simply changes made in 2007), on guidance, and on other communication and engagement with stakeholders. The review will also consider supervisory arrangements, industry practice and the customer experience under the regulations."

Friends of TJN are encouraged to submit; it is especially important that the interests of developing countries are represented and reflected.

"The Call for Evidence closes on Friday 11th December 2009."


Anonymous Anonymous said...

Tax evasion and money laundering are mostly inter connected. I wonder in which type of case, tax evader may NOT prefer to hide the illegal source of its money.

Inonu Akgun ALP

1:41 am  

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