U.K. officials want to create a new agency to supervise law and accounting firms for anti-money laundering purposes, sources briefed on their plans told ACAMS moneylaundering.com. Two years after asking attorneys, accountants and other parties to review various, competing proposals to strengthen AML oversight in those sectors, which the government considers prone to illicit finance, HM Treasury is expected to choose one in the weeks ahead, with all signs pointing to the dissolution of the Office for Professional Body AML Supervision. OPBAS launched in 2018 with the mission of ensuring that professional body supervisors, or PBS, in Britain respond decisively to...
U.K. officials solicited banks and other interested parties Friday to weigh in on proposals to consolidate all anti-money laundering oversight in Britain under a single agency.
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