The 5th Money Laundering Directive (5MLD) has been integrated into UK Anti-Money Laundering regulations since January 2020, but you don’t have to dig far to find regulated firms openly struggling to meet its requirements.
With over a year gone since its implementation, we have produced a report to reveal how firms have been coping with the additional requirements of 5MLD. The report analyses seven regulated sectors: banking, lending, wealth management, estate agents, accounting, legal and gambling and reveals that, on average, firms are less than 60% of the way through their implementation programmes, with variances across the sectors.
The report goes on to discuss 5MLD in greater detail, broken down by sector, including:
View the report today to discover how you compare to your peers.
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