Legal
Money laundering and terrorist financing controls in overseas jurisdictions – advisory notice
Requirement to apply Enhanced Due Diligence for higher risk jurisdictions The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs 2017) require the UK regulated sector to apply enhanced customer due diligence to high-risk countries. • MLR 2017 Regulation 33 (1) (b) states that…
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