Reducing the risk of money laundering via UK Post Offices is the aim of a series of measures announced by the FCA Monday 24 April. The UK’s National Economic Crime Centre has estimated that hundreds of millions of pounds is laundered through cash deposit channels at Post Offices every year.
Watchdog tightens rules on cash deposits in fight against money laundering
1 min read
UK regulator the FCA moves on cash deposit services offered by banks through the Post Office.