The UK has a comprehensive anti-money laundering and counter-terrorist financing (AML/CTF) supervisory regime responsible for ensuring that a range of sectors and firms take effective action to identify and prevent money laundering and terrorist financing. HM Treasury works closely with the supervisors to deliver this: the Financial Conduct Authority (FCA), His Majesty’s Revenue and Customs (HMRC), the Gambling Commission (GC) and the 22 legal and accountancy Professional Body Supervisors (PBSs), as well as with the Office for Professional Body Anti-Money Laundering Supervision (OPBAS). AML/CTF supervisors continue ... (full story)