Regulation

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25 Apr HMG TIGHTENING THE SCREWS – A NEW ANTI-MONEY LAUNDERING BODY

OPBAS - what is it and what will it do?The UK government has announced plans to create OPBAS - the Office for Professional Body Anti-Money Laundering Supervision - a new watchdog that will tackle potential weaknesses in the money laundering supervisory system that criminals and terrorists may be trying to exploit.   OPBAS will be housed in the FCA and and will apparently operate within the FCA’s...

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