Amendments to the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 Statutory Instrument 2022: Response to the consultation
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Amendments to the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 Statutory Instrument 2022: Response to the consultation
The changes proposed following the consultation will be enacted in a Statutory Instrument later this year. Changes include allowing AML/CTF supervisors access to the content of the SARs of their supervised population, increased Companies House discrepancy reporting obligations, increased CDD requirements for Trust and Company Service Providers through an extension to the scope of the term ‘business relationship’, and tailoring of the provisions in the Funds Transfer Regulation to the cryptoasset sector.
See here.
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