Disclosure of suspected breach of financial sanctions in contravention of EU regulations. Breach Form Template Document

HM Treasury (HMT) has published an advisory notice on money laundering and terrorist financing controls in overseas jurisdictions. The notice includes two statements published by the Financial Action Task Force (FATF) on 27 June 2014 identifying jurisdictions with strategic deficiencies in their anti-money laundering and counter financing regimes. The notice advises firms to consider Algeria, DPRK, Ecuador, […]

HM Treasury has revised its policy on certain transactions relating to the payment of funds by asset freeze targets in light of recent EU case law. Any funds arriving in the UK or in a UK bank anywhere in the world which have come from or via a designated person outside of the EU will be required […]

The Joint Money Laundering Steering Group (JMLSG) has received approval from HM Treasury (HMT) for its guidance on money services businesses   In the final approval process minor changes were made to the guidance. Copies of the approved guidance:  http://bit.ly/1rAKHxp press release:  http://bit.ly/1rAKHxp

a. HMT responds to consultation on transposing AIFMD On 17 May 2013, HM Treasury (HMT) published a response to its March 2013 consultation on transposing the AIFMD. The response includes the following key points: Regulations are being amended to permit investment by EEA charities. The approved persons regime will not apply to internally managed investment […]