4 The UK AML legislative framework
4.1 Introduction
The UK legal profession operates within the AML legislative framework provided for under POCA 2002 in tandem with the MLR 2017, the detail of which has been examined in earlier chapters. This chapter explores key features of the overarching legislative framework and its impact on the profession in practice. A prominent theme present in the interview data is the view that the regime imposes a disproportionate burden on the profession, a position which is largely attributable to the way the legislation is structured. Accordingly, this chapter will consider key issues raised by interview participants as to: (i) the scope and breadth of POCA 2002, (ii) the inclusion ...
Get Anti-Money Laundering Compliance and the Legal Profession now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
