Financial Crime Financial Crime

UK banks could see loosening of money laundering checks under government plans

By Martin Coyle and Phoebe Seers
  • 11 Mar 2024 12:39
  • 11 Mar 2024 12:54
UK financial services companies could see a loosening of the country’s money laundering regulations under plans set out by the government today.
The plan, which will apply to around 100,000 companies covered by the UK’s money laundering legislation, including law firms and real estate agents, was set out by the

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Martin Coyle

Senior Correspondent


Martin Coyle is a senior correspondent, based in MLex's London office, reporting daily on bribery and corruption issues in the UK and Europe. Previously he was a senior editor at Thomson Reuters where he covered anti-money laundering, financial crime and regulatory enforcement issues. Prior to that he was editor of The Accountant, the world's oldest accounting publication, and International Accounting Bulletin, a bi-monthly business journal owned by Lafferty.

Phoebe Seers

Correspondent


Phoebe has covered Financial Crime and compliance issues for MLex since 2015, initially in the Hong Kong bureau and currently in London. While in Hong Kong she won two SOPA awards for her reporting on corruption in the energy sector in Indonesia. Prior to journalism she worked as a solicitor with a focus on white-collar crime litigation in London and Hong Kong. She has a BA in English and Philosophy from Newcastle University.

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