Anti-money laundering and counter-terrorist finance: legislative proposals
This consultation has concluded
Download the full outcome
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Detail of outcome
After considering all contributions to the consultation we have now published our response this this consultation.
This consultation ran from
We are seeking views on proposals to reform the suspicious activity reports (SARs) regime.
The government is seeking views on the change in focus of the suspicious activity reports (SARs) regime to entities responsible for money laundering and terrorist financing.
The action plan for anti-money laundering and counter-terrorist finance contains a number of proposals on which we wish to consult, as they will involve potential changes to legislation.
Some of the proposals include:
- new ways to improve data sharing between private sector organisations
- the creation of new powers to allow money to be seized
- the requirement for individuals to declare their sources of wealth