The UK government says it will establish a new trade based money laundering (TBML) strategy in the fourth quarter of 2023 as part of the country’s new Economic Crime Plan 2, 2023-2026. A government statement says that it will also… Read More ›
Economic Crime Plan
Wholesale banking, retail banking and wealth management sectors pose greatest money laundering risk
The wholesale banking, retail banking and wealth management sectors in the UK remain vulnerable to financial crime and pose the greatest money laundering risk based on sector risk assessments by the country’s Financial Conduct Authority (FCA). According to the UK… Read More ›