Regulations, government, and anti-fraud

15 Sep 2017
14:05-14:25

Regulations, government, and anti-fraud

According to the “Crowe Report 2019” in the UK, fraud losses are around £130 billion per year. To mitigate fraud, financial transactions come under the scrutiny of regulations. The UK, a member of the Financial Action Task Force (FATF), has a robust framework of such regulations.  On 10th January 2020, the U.K. revised its anti-money laundering and counter terrorist financing regime in line with the fifth Anti-Money Laundering (5AML).

This session looks at how regulations such as 5AML affect government bodies when performing financial transactions with citizens.