Politically Exposed Persons – refinement of Money Laundering Regulations
HM Govt have updated the Regulations for Domestic PEPS. The changes come into force on 10th January 2024. Regulation 35 of the Money laundering Regulations requires a Firm to undertake Enhanced Due Dilligence when dating with a PEP. From 10th January 2024, Firms will need to undertake a risk assessment if the Individual is a […]