Parliament debates AML levy proposals

A delegated legislation Committee in Parliament debated the draft Economic Crime (Anti-Money Laundering) Levy (Amendment) Regulations 2023, which Andrew Griffith described as the final step in implementing the levy by providing the powers to:

  • assess and calculate the levy due;
  • enforce payment through financial penalties;
  • make rules about information and record keeping, overpayments reviews and appeals.

On the whole, everyone supported the instrument, though many asked why it had not been made a long time ago.

Emma Radmore