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Compliance Alert! Regulated Entities Gear Up for the UK's Economic Crime Levy

Posted by Natalie Lake on Mar 23, 2023 9:09:48 AM

If your organisation is both supervised under the UK Money Laundering Regulations (“MLR”) and your UK Revenue exceeds £10.2 million per year, if you are not already, you will need to prepare for the forthcoming Economic Crime Levy (the “ECL”). The ECL aims to raise approximately £100 million per annum to help fund new and uplifted anti-money laundering and economic crime capabilities.[1]

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Topics: Economic Crime Levy

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Talking Trade Finance is here to provide you with all of the latest updates in the Trade & Export Finance Industry.

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Ellis Lawson is a partner in the Trade & Export Finance Group in Sullivan's London office. He has extensive experience across a wide range of finance products and geographies, having spent significant portions of his career based both in London and in the Middle East and having advised on transactions across Europe, the Middle East and Africa. Ellis is also a speaker for Sullivan's Trade & Export Finance webinars.


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