A year older, but wiser?

Reporting by Timon Molloy, Editor

“‘Practical POCA’, that’s not tips on gambling although it may have some relevance to it, I don’t know,” said Matthew Cooper, Director, Group AML, Barclays, introducing the topic of his presentation to delegates at Taxbriefs’ recent Money Laundering 2004 conference. He followed with the customary caveat that all his observations were personal opinion, and did not necessarily reflect those of his employer. His aim, he said, was to consider the state of anti-money laundering in the UK a year and a bit after inception of part seven of the Proceeds of Crime Act 2002, and then to focus on some of the remaining operational issues.