UK House of Commons Scrutinizes MLD4 and Revised Wire Transfer Regulation Proposals

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On January 2, the United Kingdom House of Commons Scrutiny Committee published its 28th Session 2013-2014 report. In particular, the report considers the European Commission’s proposed MLD4 Directive on money laundering and terrorist financing and the proposed Wire Transfer Regulation.

Areas of concern over MLD4 highlighted in the report include supranational risk assessments, e-money, politically exposed persons, third country policy and sanctions and supervision. Report.

 

Topics:  Fraudulent Wire Transfers, MLD4, Money Laundering, Terrorism Funding, UK

Published In: Finance & Banking Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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