The European Commission has launched a public consultation to gather stakeholder views on the possible enhancements to the E.U. anti-money laundering/countering the financing of terrorism framework. The FMLC would like to draw attention to two areas.
Tag: Anti-money Laundering
Response to European Commission Roadmap: Preventing and Combating Money Laundering and Terrorism Financing: 3 March 2020
On 24 July 2019, the European Commission adopted a Communication to the European Parliament and the Council which observed that, although many risks and shortcomings in the regulatory framework for anti-money laundering and preventing terrorist financing had been addressed, structural shortcomings remained.
Response to Consultation: Changes to the Trust Registration Service under the Fifth Money Laundering Directive: 21 February 2020
While certain sections of 5MLD have already been implemented in the U.K., changes required by 5MLD in respect of the registration of the beneficial ownership of trusts have not yet come into force. HM Treasury and HM Revenue and Customs are now jointly consulting on this aspect of the regime.
Letter to HM Treasury on 5MLD and Cryptoassets: 30 July 2019
Directive (EU) 2018/843 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing (the “Fifth Anti-Money Laundering Directive” or “5MLD”) expands […]
Asset Management Scoping Forum meeting: 6 September 2018
A meeting of the Asset Management Scoping Forum was held on 6 September 2018. The meeting was chaired and hosted by Neil Robson of Katten Muchin Rosenman UK LLP. Forum […]
Asset Management Scoping Forum meeting: 24 May 2018
A meeting of the Asset Management Scoping Forum was held on 24 May 2018. The meeting was chaired and hosted by Owen Lysak of Clifford Chance LLP. Forum members discussed […]
Asset Management Scoping Forum meeting: 14 December 2017
On 14 December 2017, members of the Asset Management Scoping Forum met for the third and last meeting of 2017. The meeting was chaired by Iain Cullen of Simmons & […]