London Approach and Office for Professional Body Anti-Money Laundering Supervision: Difference between pages

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A non-statutory, informal framework introduced with the support of the Bank of England in  1970 for dealing with financially distressed companies.
''UK - Financial Conduct Authority.''


The London Approach covers temporary support operations mounted by banks and other lenders for a company or group in financial difficulties, pending its possible restructuring.
(OPBAS).


The Office for Professional Body Anti-Money Laundering Supervision is the regulator set up by the UK government in 2018 to strengthen the UK’s anti-money laundering (AML) supervisory regime and ensure the professional body AML supervisors provide consistently high standards of AML supervision.


Applicable only to firms which are financially distressed but which could have a viable future.
OPBAS aims to improve consistency of professional body AML supervision in the accountancy and legal sectors, but does not directly supervise legal and accountancy firms




== See also ==
== See also ==
* [[Insolvency]]
* [[Anti money laundering]]
* [[4MLD]]
* [[Financial Action Task Force]]
* [[Financial Conduct Authority]]
* [[Integration]]
* [[Joint Money Laundering Intelligence Taskforce]]
* [[Joint Money Laundering Steering Group]]
* [[National Economic Crime Centre]]
* [[Know-your-customer]]
* [[Layering]]
* [[Money laundering]]
* [[Placement]]
* [[USA PATRIOT Act]]




== References ==
=== Other resources ===
1. http://www.bba.org.uk/policy/article/london-approach/fx-and-money-markets-policy/


2. [[Media:http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/qb940208.pdf]]
[[Media:2015_03_Mar_-_Squeaky_clean.pdf| Squeaky Clean, The Treasurer, 2015]]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Financial_products_and_markets]]

Revision as of 11:02, 20 August 2019

UK - Financial Conduct Authority.

(OPBAS).

The Office for Professional Body Anti-Money Laundering Supervision is the regulator set up by the UK government in 2018 to strengthen the UK’s anti-money laundering (AML) supervisory regime and ensure the professional body AML supervisors provide consistently high standards of AML supervision.

OPBAS aims to improve consistency of professional body AML supervision in the accountancy and legal sectors, but does not directly supervise legal and accountancy firms


See also


Other resources

Squeaky Clean, The Treasurer, 2015

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