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Money laundering


Money Laundering Governance: Three Pillars of Success

Money laundering is when criminals 'clean' the proceeds (the financial gains) of crime. Criminals transform proceeds into assets, such as houses or businesses, or other seemingly legitimate funds, for example, money in a bank account. In some cases, laundered money is used to fund terrorism.

Our Anti-Money Laundering work - Corporate reporting

Money laundering is when criminals 'clean' the proceeds (the financial gains) of crime. Criminals transform proceeds into assets, such as houses or businesses, or other seemingly legitimate funds, for example, money in a bank account.

Our Anti-money Laundering Work - Corporate reporting

Money laundering is when criminals 'clean' the proceeds (the financial gains) of crime. Criminals transform proceeds into assets, such as houses or companies, or other seemingly legitimate funds, for example, money in a bank account. In some cases, laundered money is used to fund terrorism.

Anti-Money Laundering Visits 2019-2020

We are a supervisory authority under The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (“the regulations”). We have a role in checking firms are complying with the regulations and ensuring they have effective AML policies controls and procedures in place.

Investment schemes that are potentially dubious

Thematic review: A thematic review to enhance our understanding of typical schemes and explore how and why solicitors become involved

Sectoral Risk Assessment - Anti-money laundering and terrorist financing

This document sets out information on money laundering and terrorist financing risk that we consider relevant to those we supervise.

Firms risk assessment exercise

Review: On 28 March 2019, we called in 400 firms' anti-money laundering firm risk assessments. All firms had declared to us that they were offering services within scope of the money laundering regulations.

A thematic review of trust and company service providers

Thematic review: Money laundering is not a victimless crime. It is used to fund terrorists and facilitates drug dealers and people traffickers, as well as a range of other criminal activity.

Preventing Money Laundering and Financing of Terrorism

The legal profession plays a vital role in tackling money laundering which is considered to be one of the greatest risks both society and the profession faces.

Anti money laundering

The proceeds of corruption and crime have no place in our economy and markets. As our report says, law firms are attractive to criminals because they are seen as adding legitimacy and credibility to transactions, and they do of course handle significant finance.