Murky UK AML picture awaits regulatory clarification
London -- In the wake of June’s damning KPMG report on the UK government’s failure to process suspicious activity reports efficiently, financial institutions in the UK are growing increasingly frustrated with the failure of the country’s supervisory authorities to provide the industry with a unified AML framework. The UK Treasury, which was supposed to have issued a consultation paper in the middle of July outlining how the FSA, the Home Office and the Treasury would work together in future on
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