Making the UK Hostile to Money Launderers - The UK Government's AML/CTF Action Plan
This alert looks at the government's recently announced Anti-Money Laundering and Counter-Terrorist Finance Action Plan. It also considers some of the other current issues in this area.
The proposals set out in the action plan are likely to bring about genuine change to the UK's AML framework. Given that research demonstrates that money laundering remains a real issue in the UK, it is hard to argue with the Government's intention to bring about radical change.