fscom: 5MLD – What are the key changes in the The Fifth Money Laundering Directive?

Her Majesty’s Treasury published a consultation paper on the UK’s transposition efforts relating to the EU’s 5^th Money Laundering Directive (5MLD) earlier this year. The Directive will come into force on 10^th January 2020 and contains enhancements to the existing provisions as mandated by the EU’s 4^th Money Laundering Directive (4MLD) which was implemented in the UK through the Money Laundering Regulations 2017.

With less than 4 months to go, you should be considering how the proposed changes will impact your business and whether your current approach to financial crime risk management is adequate.

Read the rest of the blog on fscom’s website