Action plan for anti-money laundering and counter-terrorist finance

logo-30-high2The Home Office and HM Treasury have published their Action Plan for anti-money laundering and counter-terrorist finance. The plan sets out the steps intended to strengthen the UK’s response to money laundering and terrorist financing, and to protect the safety of its citizens and the overall integrity of the financial system in the UK.

It includes a consultation on legislative proposals and a call for information on the AML supervisory regime. The deadline for responses is 2 June 2016. Our summary can be downloaded below. Full details can be found at:

Update: since publication of the above-mentioned Action Plan, the Gambling Commission has announced that it will shortly re-publish its updated casino guidance “The prevention of money laundering and combating the financing of terrorism” and will review its advice to all other operators on “Duties and responsibilities under the Proceeds of Crime Act 2002” later this year.