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July 8, 2021

UK compliance professionals bracing for increase in AML legislation

By Zoya Malik

Research from LexisNexis Risk Solutions finds UK compliance professionals are bracing for an increase in AML legislation, as a result of Brexit.

The study based on a survey of over 875 compliance professionals finds that:

  • Nearly four fifths (78%) of UK compliance professionals predict more anti-money laundering (AML) regulation is on the way as a direct result of leaving the EU
  • UK firms overwhelmingly support opting out of 6MLD, but are taking it as a sign the UK plans to diverge and create its own AML regulatory framework

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