Corporate Vision March 2017

CORPORATE VISION / March 2017 35 All Encompassing ## Company: Encompass Corporation Name: Wayne Johnson, CEO Web Address: www.encompasscorporation.com Address: Encompass, Level 3, 39 St Vincent Place, Glasgow Scotland G1 2ER Telephone: +44(0)141 406 7761 g Laundering and Counter Terrorism Financing will continue to be a focus for governments across Europe and globally. To date, these regulations have been getting stricter on those who are found to be in breach of these rules. This trend will continue with both AMLD4 and AMLD5 both coming down the line. To date, we have seen some serious fines and sanctions passed to banks and financial institutions for being in breach of these rules. Moving into 2017 and beyond, we expect that regulators of professional service will also being paying closer attention than ever before, as evidenced by the recent ‘flag it up’ campaign – a joint initiative involving the Accountancy Affinity Group, the Home Office and National Crime Agency (NCA) to tackle the serious threat of money laundering.