antimoney

On 10 January 2020 The Money Laundering and Terrorist Financing (Amendment) Regulations 2019 came into force. This statutory instrument updates the UK’s existing anti-money laundering legislation to take account of the Fifth Directive. With the UK due to exit the European Union just three weeks after, what will the future of money laundering regulation look like?

In this webinar, our experts gave guidance on the application of the Fifth Directive in the UK and what to watch out for in the post-Brexit UK money laundering regime.

The webinar covered:

• What will the future of money laundering regulation in the UK look like?
• What are the key changes under the Fifth Directive?
• Answering questions from registrants

Useful resources:

• Download a free guide to the Fifth Directive
• Online risk-based AML training

In this episode risky woman Rachel Wolcott shares insights from Thomson Reuters Regulatory Intelligence team with the inaugural report Financial Crime Compliance for Non-financial Companies: The Expanding Regulatory Perimeter. The report explores why penalties for money laundering violations are becoming more commonplace for non-financial firms and suggests solutions and recommendations for business as they try to remain compliant. As usual, we’ll also hear from Rachel on her career journey and her quick answers in the rapid fire round too!

Points of Interest
01:45 Career
07:25 Why more non-financial firms are coming into having obligations to have financial crime compliance programs
10:27 Main compliance approach to-date
11:44 Greater risk sectors
13:08 Era of deep fakes
18:24 Solutions for tackling financial crime
21:20 Report key takeaways
25:37 Rapid Fire Round

Get transcript and more on our website >

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The American College of Trust and Estate Counsel, ACTEC, is a professional society of peer-elected trust and estate lawyers in the United States and around the globe. This series offers professionals best practice advice, insights, and commentary on subjects that affect the profession and clients.