We have published the latest edition of our Banking Reform Updater (issue 15).

In this issue we look at the regulatory framework for anti-money laundering (AML) and set out some of the key developments that have occurred so far this year.

We look at:

• the basics of the AML regime;
• what is meant by a risk based approach?;
• FCA approach to AML / combating the financing of terrorism (CFT) supervision;
• FCA annual AML report;
• derisking;
• update on the Fourth AML Directive;
• Wolfsberg Group; and
• AML / CFT and investment based crowd funding.

View Anti-money laundering update, 8 October 2015