i-law

Money Laundering Bulletin

UK aims for consistency with supervisor of AML supervisors

A new Office for Professional Body Anti-Money Laundering Supervision (OPBAS), announced on 15 March, will aim to better align the risk based approaches adopted by AML supervisors in the UK. [1] Currently 23 supervisors oversee accountancy and legal services - 22 are professional bodies – leading to inconsistencies.

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