UK HM Treasury has launched a consultation on draft legislation for a new Economic Crime Levy. The consultation deadline is 15 October 2021. --- Economic Crime (Anti-Money Laundering) Levy: draft legislation This measure introduces the draft legislation for a new levy on the anti-money laundering (AML) regulated sector – the Economic Crime (Anti-Money Laundering) Levy, or 'ECL'. Details At Budget 2020, the government announced a new levy to raise £100 million per year from the AML-regulated sector to help fund ambitious reforms outlined in the government's 2019 Economic Crime Plan. AML-regulated entities with over £10.2 million in UK revenue will...