Consultation outcome

Money Laundering Regulations 2017

This consultation has concluded

Detail of outcome

The government is grateful for all the responses received. The final regulations were laid in Parliament on 22nd June 2017 and came into force on 26th June 2017.

Original consultation

Summary

Consultation on draft regulations and response to previous consultation on transposing the Fourth Money Laundering Directive and Fund Transfer Regulation, which ran from September to November 2016.

This consultation ran from
to

Consultation description

The Treasury launched an 8 week policy consultation on the Transposition of the Fourth Money Laundering Directive and Fund Transfer Regulation in September. These aim to give effect to the updated global Financial Action Task Force (FATF) standards.

The government sought views and evidence on the steps it proposed to take or should take, to transpose the Fourth Money Laundering Directive (4MLD) and those aspects of the Fund Transfer Regulation (FTR) that need to be transposed into national law.

This document gives an outline of the responses submitted and the government’s policy decisions positions following the consultation, and is accompanied by draft regulations.

The government welcomes views on the further policy questions posed in the document, as well as on the draft Money Laundering Regulations 2017, in particular on whether the drafting delivers the government’s stated aims.

Documents

Published 15 March 2017
Last updated 26 June 2017 + show all updates
  1. Updated with link to the regulations laid in Parliament
  2. Updated with a link to the regulations which have been laid in Parliament
  3. First published.