All businesses that fall within the AML/CTF regimes in the UK and Ireland must be supervised by a supervisory authority to reduce the threat of financial crime. CIMA is such a designated supervisory authority.
The table below gives a brief overview of the regulatory frameworks governing the AML/CTF regimes in various countries.
Please be aware, the new Money Laundering Regulations (the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017) came into effect on 26 June 2017. The Regulations make significant changes to the AML/CTF regime in the UK and the following document contains an outline of some of these:
New Money Laundering Regulations 2017
Page last updated 11 April 2016