Anti-money laundering monitoring results in £53m in fines
The latest Treasury figures on compliance with anti-money laundering rules shows that the total fines issued for breaching the rules was £53.2m in 2019/20, including penalties for professional service firms However, the total value of fines has decreased from £121.8m in 2018-19 to a total of £53.2m in 2019/20. In 2019-20, HMRC issued 31 fines,…
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