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Robyn Hall
Just Retirement is going on the road over the next few months. This seminar is in London.
Area Sales Manager - Financial Services - London
North London
Mortgage Consultant / Mortgage Adviser - Fulham
South London
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OFT consults on anti-money laundering
9 February, 2010
The OFT is consulting on its future approach to supervising estate agents and certain credit lenders under the Money Laundering Regulations 2007 and the appropriate fee structure.
The OFT has, to date, operated an interim compliance monitoring regime. It is now seeking views on a more appropriate model for monitoring and enforcement activity for the longer term. The consultation covers:
- identifying those who have not registered with the OFT
- monitoring and enforcement penalties, and
- future fee structures.
John Parker, OFT director of Anti-Money Laundering, said: “This is an opportunity for firms that fall under our supervision to have their say on the best way for us to meet the obligations set out in the Regulations.
“We want to have an active dialogue on the best long-term approach and would encourage firms to respond to this consultation.”
Have Your Say