Money Laundering Update 2024 with 33 Chancery Lane

Introduction

Money laundering is estimated to cost the British economy more than £100 billion each year.

To meet that threat, the UK’s complex anti-money laundering regime is evolving and expanding rapidly. Professionals working in the regulated sector, and those advising on money laundering issues, need to keep abreast of the changes.

In this update, Martin Evans KC, Christopher Sykes and Rachel Ferrari of 33 Chancery Lane address the most recent changes and trends across the UK anti-money laundering landscape.

The seminar will end in a panel session during which the speakers offer cautionary tales and discuss practical examples.

What You Will Learn

This course will cover the following:

• Assessing risk
• The core principles
• High Risk Third Countries
• Suspicious Activity Reports
• Practical tips for MLROs
• Consent refused - What next?
• Moratorium Extensions
• Account Freezing Orders
• Property Freezing Orders
• Legislative changes
• The Economic Crime and Corporate Transparency Act 2023
• HMT’s consultation on MLR 2017
• The EU AML package
• Recent Trends
• Cryptocurrency
• Cases in the civil and criminal courts