The U.K. government introduced the long-awaited Sanctions and Anti-Money Laundering Bill on Wednesday, a week after the European Banking Authority told EU nations to scrutinize the AML programs of British banks planning to relocate to their nations ahead of Brexit.
The report provides a review of the Sanctions and Anti-Money Laundering Bill, which was introduced in the House of Lords on Oct. 18, 2017. The report looks at the delegation of sanctions powers under the bill in light of the need for domestic powers to impose sanctions post-Brexit.
November 17, 2017