In 2011, Compliance Complete published a series of articles titled “What’s Wrong with Counter-Money Laundering Laws?”.
The articles promised that the author, Nigel Morris-Cotterill, Head, The Anti Money Laundering Network, would subsequently supply a draft law designed to improve on existing legislation.
He has now produced the draft law, which he has termed the Counter-Money Laundering and Anti-Financing of Criminal Conduct Act 2011.
The draft Act draws in both money laundering and the funding of future crime, including but not limited to terrorism, the responsibilities of businesses and citizens and the powers of the financial intelligence unit (FIU), as well as measures for compliance, risk management, investigations and asset freezing.
In 2011, Compliance Complete published a series of articles titled “What’s Wrong with Counter-Money Laundering Laws?”.
The articles promised that the author, Nigel Morris-Cotterill, would subsequently supply a draft law designed to improve on existing legislation.He has now produced the draft law, which he has termed the Counter-Money Laundering and Anti-Financing of Criminal Conduct Act 2011.
Unfortunately you can have access to this draft only if you are a registered member of complinet.com. If you are aware of any link which does provide free access the draft, please notify me through the comments so that I can include it.
Detailed news link: here