HMRC’s new powers to tackle electronic sales suppression
The HMRC has issued advice about the new powers and penalties under the Finance Act 2022 to tackle electronic sales...READ MORE
The UK in the coming year will seek to extend a senior management accountability program to new firms, toughen its oversight of professional bodies and reform how it processes suspicious activity reports, two agencies disclosed.
The Financial Conduct Authority (FCA) said in a 2019/2020 business plan published Wednesday that its Office for Professional Body Anti-Money Laundering Supervision (OPBAS) would ratchet up pressure on associations and other organizations that don’t adequately police their members for failing to implement checks on financial crimes.
Read more at the KYC360.