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]
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
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Topics: Economic Crime Levy
