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Ministers make money laundering switch

Thousands of companies are to be forced to comply with new money-laundering regulations within the next three months.

In a change to draft legislation that comes into effect in March, ministers want companies involved in provision of "services in relation to the formation, operation or management of a company or a trust" to appoint money-laundering advisers and train staff to identify and report suspicious activity.

Published: Thu, 18 Dec 2003 01:00:00 GMT+00

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Times Business - front page