Mrs A. Thompson –v- Scancrown Ltd, trading as Manors In a case that received widespread…
PLEASE NOTE: Information in this article is correct at the time of publication, please contact DFA Law for current advice on older articles.
Readers are reminded that on 1 October 2012, changes to the Money Laundering Regulations came into force that will affect many businesses, particularly those that engage in high-value transactions or that offer services involving the exchange of money.
Broadly, the changes are designed to move from a ‘tick-box’ system of compliance to one based on an assessment of the risks involved.
For more details, see http://www.hmrc.gov.uk/MLR/getstarted/intro.htm.