It will be funded through a new fee on professional body

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canada goose jackets on sale Keeping your belt horizontal. Don’t dip any part of your body. Simply rotate.. LONDON, March 15 (Reuters) Britain will create a new watchdog to coordinate the currently splintered approach by professional bodies to detecting money laundering, the finance ministry said on Wednesday.”The creation of the Office for Professional Body Anti Money Laundering Supervision (OPBAS) will ensure consistent high standards across the regime, whilst imposing the minimum possible burden on legitimate business,” the ministry said. It will be funded through a new fee on professional body supervisors.Transparency International, an anti corruption campaign group, said Britain’s anti money laundering system needed reform but it remained to be seen if the creation of a “supervisors’ supervisor” would work.”These proposals are novel and untested elsewhere in the world,” Robert Barrington, executive director of Transparency International UK, said. “The new watchdog will certainly fail if it is toothless, captured by special interests and as lacking in transparency as the current system, which is shrouded in secrecy and riven with conflicts of interest.”Barrington said the government had delayed the announcement of a new overall plan for reforming the anti money laundering system which had been expected in December.Britain published updated draft money laundering regulations on Wednesday as it sought to bring its rules in line with international standards, the finance ministry said canada goose jackets on sale.

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