Consent requests - official answers

The consent regime, in Part 7 of the UK Proceeds of Crime Act 2002, under which an AML-regulated entity can file an 'authorised' (defence against money laundering - DAML) disclosure and if it doesn't hear otherwise from law enforcement within a set period, go head with a transaction, is set to stay.

The consent regime, in Part 7 of the UK Proceeds of Crime Act 2002, under which an AML-regulated entity can file an 'authorised' (defence against money laundering - DAML) disclosure and if it doesn't hear otherwise from law enforcement within a set period [1], go head with a transaction, is set to stay.