Treasury Committee: Economic Crime Inquiry

Westminster’s Treasury Select Committee launched an inquiry into Economic Crime in March 2018. The inquiry will have two strands with one considering the anti-money laundering and sanctions regime and the other looking at economic crime as it affects consumers.

The Bar’s submission to the inquiry focuses on strand one in relation to anti-money laundering, including the current regulatory landscape, the effectiveness of the Treasury and its associated bodies in supervising the AML regime and the impact of the Financial Conduct Authority’s newly created Office for Professional Body Anti-Money Laundering Supervision on professional bodies operating in the legal sector in Northern Ireland.

Click to read the Bar’s written evidence submission to the inquiry.