Treasury approves money laundering guidance

Chancellor Gordon Brown made the announcement in a speech on national security to the Royal United Services Institute in London yesterday, saying he wants to work “even more closely” with the financial sector on identifying suspicious transactions. He states: “I am today agreeing new guidance to give clearer strategic advice to banks on what to target, so they can fulfil their responsibilities; and am setting up a new forum with them to discuss how we can achieve more together to identify, root out, and prevent the use of financial networks to advance terrorism.” The guidance was introd...