Businesses need to make their voices heard when it comes to AML legislation

Jane Jee explores the detail of the Consultation Regarding Transposing the Fifth Money Laundering Directive and argues that it’s time for regulated entities to tell the government what support it needs to tackle the money laundering epidemic

Money laundering represents a significant threat to the UK’s national security, as it undermines the integrity and stability of the country’s financial markets and institutions, costing the UK at least £37 billion each year. ¹