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UK Published Guidance on DAML Reporting Obligations

11 January 2024
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UK Published Guidance on DAML Reporting Obligations

The new Defence Against Money Laundering (DAML) exemption provisions have been introduced by the Economic Crime and Corporate Transparency Act (ECCTA) and amend reporting obligations under the Proceeds of Crime Act (POCA)

The guidance provides further information on:

  • Reporting exemptions introduced by the ECCTA; and
  • Combined impact of exemptions.

Firms with reporting obligations should consult the guidance to streamline their reporting process and ensure the effectiveness of their reporting processes.

Get in touch with us today to learn more on how to stay up to date with your financial crime compliance obligations, including reporting requirements. 
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