Category Archives: 2007 – 11

The Financial Intelligence Centre Act, 2001 (FICA) has introduced several mechanisms aimed at combating money laundering activities. FICA has established a regulatory framework designed to identify the source of proceeds which are suspicious and possibly derived from illegal activities. FICA … Continue reading →

The advent of new Money Laundering Regulations 2007 (the Regulations) in the UK will implement the EU’s Third Money Laundering Directive (the Directive). The Regulations, which will enter into force on 15 December 2007, require organisations falling with its scope … Continue reading →