Tag Archives: OPBAS.

Professional body AML Supervisors under fire

As we wrote in a recent blog on the topic of AML supervision, the report by OPBAS – the Office for Professional Body Anti-Money Laundering Supervision slates the accountancy and legal professions for lax regulation of their sectors. Although this is a UK regulator , its views are influential with regulators elsewhere. For accountants there… Read More


Professional body AML Supervisors under fire

In a recent UK report by OPBAS – the Office for Professional Body Anti-Money Laundering Supervision it accuses many professional body supervisors (PBSs) of failing to supervise standards robustly, partly for fear of upsetting members and because they believe money laundering is not an issue for firms. This is the first review by OPBAS of… Read More