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Brexit: anti-money laundering changes

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The Financial Services (Miscellaneous Amendments) (EU Exit) Regulations, SI 2020/628 make various changes to financial services legislation (both UK law and the future ‘retained’ version of EU Regulations) to plug gaps that would otherwise emerge in UK law after IP completion day. Among the changes are minor amendments to the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations, SI 2017/692, effectively ensuring parity of treatment of EEA member states and other third countries.

Issue: 1494
Categories: News