The Personal Investment Management & Financial Advice Association (PIMFA)

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PIMFA response to HMT Consultation on Improving the effectiveness of the ML Regulations

PIMFA Consultation Response to HM Treasury Consultation on Improving the effectiveness of the ML Regulations. We believe that the Regulations should remain high level and not contain detailed prescriptive rules as this may lead to tick-box compliance, running counter to a risk-based approach. Additional detail should be addressed through the relevant sectoral guidance
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