Research from LexisNexis Risk Solutions finds UK compliance professionals are bracing for an increase in AML legislation, as a result of Brexit.
The study based on a survey of over 875 compliance professionals finds that:
- Nearly four fifths (78%) of UK compliance professionals predict more anti-money laundering (AML) regulation is on the way as a direct result of leaving the EU
- UK firms overwhelmingly support opting out of 6MLD, but are taking it as a sign the UK plans to diverge and create its own AML regulatory framework
