Watch Out for the Anti Money Laundering Law in the UK
The government of the United Kingdom recently issued a new directive vis-à-vis Anti Money Laundering law. Dubbed the 4th Anti-Money Laundering Directive, it became effective on Monday, 26 June 2017. The new regulations were based on the existing Anti-Money Laundering (AML) framework, but they contain important additions that Britons need to be aware of. The legal ramifications of the AML framework have the capacity to affect multiple...