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Regulation | 23 Sep 24
HMRC account freezing orders jump more than 170% in three years
AFOs allow a court to order bank accounts to be frozen for up to two years while law enforcement agencies investigate source of funds
New UK and European platforms association launches to represent £1trn industry
Aegon, Abrdn, Fidelity, Quilter, Seccl, SS&C are among the players already on board
Swiss regulator seizes CHF12.7m from Mirabaud & Cie over ‘serious’ legal, AML breaches
FINMA’s ruling has been legally binding since August 2023 and has not been contested