AML/CFT Reform Worksteams 2 and 3 Full-Pack FINAL [pdf, 3.6 MB]
...2.1. deliver regulatory relief to businesses; 2.2. simplify verification to comply with anti-money laundering requirements; and 2.3. provide better enforcement tools to tackle organised crime. Executive Summary 3. I am progressing a programme of legislative reform to the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (the Act) to reorient the AML/CFT system toward a risk-based regulatory framework. The aim is to establish a more nimble, responsive system that pr...