With its 20-point lead in opinion polls, Labour seems poised to win in the UK’s upcoming July 4th election. If indeed Labour form the next government, economic crime in general and anti-money laundering in particular are likely to form the backbone of initial legislation given the unending criticism of the UK’s role in the ‘global laundromat,’ which London was called by shadow foreign secretary David Lammy, though even the former Conservative justice secretary criticised the last government for not introducing this failure to prevent money laundering offence and for watering down the failure to prevent fraud offence.
Continue reading![AML regulations could soon expand to previously unregulated sectors, including universities. How should your organisation prepare?](https://vinciworks.com/blog/wp-content/uploads/2022/10/aml-audit-750x350.jpeg)