UK AML 'costs more' – A new report by the Corporation of London and the Institute of Chartered Accountants in England & Wales, carried out by Z/Yen, was published in mid-June. It found that international requirements on anti-money laundering are implemented more rigorously in the UK than in other jurisdictions, and the related costs are higher. The report also says the high costs in the UK do not generate greater benefits to UK-based organisations, and that despite these costs, the fight against

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