This event offers an opportunity to critique and discuss the 2018 FATF evaluation in the context of the UK's prevailing money-laundering problems, as well as to debate the key priority areas for progress in a post-FATF environment.
In December 2018 the Financial Action Taskforce (FATF), the global anti-money laundering (AML) standard-setter, gave the UK's AML regime the highest aggregate scores received by any country to date, albeit with notable concerns raised in relation to the quality of AML supervision and the resources and operating model of the UK's Financial Intelligence Unit.
This result was, however, met with surprise by many commentators, due to the continuing role the UK financial and professional services sector is seen to play in global money-laundering scandals. This paper, in a series of contributions from CFCS team members, looks behind the immediate headlines of the FATF evaluation and makes the case for progress and change in the UK's AML regime to move the regime towards effectiveness in practice rather than merely on paper.
Speakers will Include:
- Ken Menz, Head of Economic Crime Reform, HM Treasury
- Helena Wood, Associate Fellow, Royal United Services Institute
- Anton Moiseienko, Research Analyst, Royal United Services Institute
- Dr Jackie Harvey, Northumbria University
Tea & coffee will be served from 1130
To register please contact Allana Howard, Event Manager, email@example.com