Changes to the Money Laundering Regulations

Readers are reminded that on 1 October 2012, changes to the Money Laundering Regulations came into force that will affect many businesses, particularly those that engage in high-value transactions or that offer services involving the exchange of money.

Broadly, the changes are designed to move from a ‘tick-box’ system of compliance to one based on an assessment of the risks involved.

For more details, click here.