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Money laundering and further information orders
As an additional measure to enhance the effectiveness of the anti-money laundering regime in Part 7 of the Proceeds of Crime Act 2002, section 12 of the Criminal Finances Act 2017 establishes a new power for the National Crime Agency to request further information from any person in the regulated sector following receipt of a suspicious activity report that has been filed under sections 330–332. A similar power has been introduced in to the UK’s anti-terrorist-financing legislation.
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