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Tweaks To AML Regs Offer Flexibility But Only Modest Change

By Christopher Crosby

Plans to reform the U.K.'s fight against dirty money promise to cut red tape and strengthen ties between enforcement bodies, but lawyers say they are not convinced the measures will reduce their compliance burden or fundamentally strengthen the regime.


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    Pension Insurance Corp. PLC said Monday that it has covered £4.3 billion ($5.8 billion) of pension liabilities for British aerospace and defense giant Rolls-Royce PLC to help streamline its business operations.

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    The government's proposed updates to anti-money laundering regulations will do little to ease the compliance burden on law firms and are a "missed opportunity" to cut unnecessary rules, the body representing solicitors said on Tuesday.

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Expert Analysis

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