The threshold amounts under which banks and payment firms can carry out transactions where they suspect money laundering without needing a defence under POCA has been increased from £1,000 to £3,000 with effect from 31 July.
The threshold amounts under which banks and payment firms can carry out transactions where they suspect money laundering without needing a defence under POCA has been increased from £1,000 to £3,000 with effect from 31 July.