Proposed revision of the Money Laundering Regulations 1993 and 2001: Consultation
HM Treasury today issued a consultation document on proposed changes to the UK's Money Laundering legislation. The Government is intending to revise the Money Laundering Regulations 1993 and 2001 in order to:
- implement the requirements of the Second EC Money Laundering Directive by including new professions and activities within the regulated sector
- consolidate, clarify and update the existing provisions of the Money Laundering Regulations 1993, with some substantive changes where problems have become apparent
The proposed changes will affect financial and credit institutions, money services businesses, firms providing legal or accountancy services, casinos, estate agents, and some dealers in high value goods. The Government is keen to receive views from all interested parties.
The Money Laundering Regulations documents are available below in Adobe Acrobat Portable Document Format (PDF). If you do not have Adobe Acrobat installed on your computer you can download the software free of charge from the Adobe website.
For alternative ways to read PDF documents and further information on website accessibility visit the HM Treasury accessibility page.