Smartsearch resources

How does Brexit affect the UK’s Anti-Money Laundering laws?

How does Brexit affect the UK’s Anti-Money Laundering laws?

As a member of the European Union (EU), the UK’s anti-money laundering (AML) laws were dictated by the European Parliament’s Money Laundering Directives. But, on 31 December 2020 - four years after the Brexit vote - the UK finally left the EU. So, the question is, what happens to the UK’s regulatory environment now that it is no longer governed by the EU?

This whitepaper sets out to uncover the impact of Brexit upon the UK’s AML laws and what these changes mean for regulated businesses in the UK.

By taking an in depth look into the history of Money Laundering law and the influence of both the EU and global regulators  this paper looks at the UK’s position current position and how UK firms can best meet their AML obligations post-Brexit.

Share this

See our other popular articles

{{ image_alt:shutterstock_1922740115-1676456002.jpg }}
{{ image_alt:uk.png }}
Whitepaper
The SmartSearch Index - Electronic Verification Uncovered II
Money laundering seeks to legitimise the proceeds of some of the world’s worst criminals – people traffickers, drug dealers, fraudsters and corrupt officials. Their victims are often the most vulnerable in society. Electronic Verification Uncovered 2022 is the second whitepaper in a continuing campaign by SmartSearch, a leading UK provider of anti-money laundering (AML) software which is driving the digital compliance revolution.
{{ image_alt:Accountancy-1658225007.jpg }}
{{ image_alt:international.png }}
Whitepaper
Digitalisation and innovation in the accountancy sector
Digitalisation and innovation in financial services - what are they, why are they important and how can you achieve them? Over recent years, but particularly throughout the pandemic, the terms digitalisation and innovation have been used frequently and synonymously, with an underlying assumption that accountancy firms should be doing both. But what are they? Why are they important? And what tools can accountants put in place to protect themselves as they achieve them?