U.K. Treasury Agrees to Hold Consultation on Decriminalizing Customer Due Diligence

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Wednesday, June 1, 2011
Author: 
Bruce Zagaris
Volume: 
27
Issue: 
6
Abstract: 
The United Kingdom’s budget proposals unveiled in March 2011 call for a consultation on changes to Money Laundering regulations, including abolishing over two dozen regulatory offenses, exempting businesses with very low turnovers, and decriminalizing customer due diligence...(more)...