Reporting of suspicion Archives

PROPOSED AMENDMENTS TO THE PROCEEDS OF CRIME ACT 2002 WOULD OFFER PROTECTION FROM CIVIL LIABILITY TO THOSE REPORTING SUSPICIONS OF MONEY LAUNDERING

Serious Crime Bill 2014 As some readers will be aware, the House of Commons is currently considering the Serious Crime Bill 2014 (the “Bill”), which proposes amendments to various pieces of existing criminal legislation, including the Proceeds of Crime Act 2002 (“POCA”). Serious Crime Bill 2014 http://bit.ly/1upvzAj On 8 January 2015, Karen Bradley MP (Minister for […]

January 23, 2015

ON THE 22 August 2014 The Commission issued Instruction (Number 04/2014) for both financial services businesses and prescribed businesses.

The instruction has been issued as a result of amendments made to the legislation surrounding the reporting of suspicion. The existing Handbooks are in the course of being reviewed and therefore to minimise the impact, and to avoid reprinting the full Handbook while the development continues, replacement pages of the Handbook for Financial Services Businesses […]

September 4, 2014