English Court of Appeal Narrows Scope of Exemption to Money Laundering
English Court of Appeal Narrows Scope of Exemption to Money Laundering
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Clarification overturns status quo and affects firms' approach to compliance and supply-chain due diligence.
In this course, we will explore the intricacies of financial crime and anti-money laundering (AML) compliance, with a particular focus on recent legal developments that have significant implications for firms and compliance officers.
Learning Outcomes
Learning Outcomes
By the end of this course, you should be able to:
• Identify the Court of Appeal's interpretation of the "adequate consideration" exemption under the Proceeds of Crime Act (POCA)
• Identify the practical implications of the ruling on supply-chain risks and learn how to adjust due diligence processes to mitigate potential AML violations
• Describe strategies for effectively submitting DAML requests to the National Crime Agency (NCA) and navigate the challenges associated with recent changes in the NCA's approach to DAMLs
