Insider dealing and money laundering etc. Amendments to the Sanctions and Anti-Money Laundering Act 2018
Section 49 of SAMLA has replaced section 2(2) of the ECA as the statutory power that will be used to impose and make changes to requirements in the UK’s regulations on money laundering. This Act amends paragraph 22 of Schedule 2 to SAMLA to ensure that section 49 of SAMLA can be used to make regulations that relate to conduct by certain overseas trustees.