Review of the Money Laundering Regulations 2007
11 March 2010
Review of the Money Laundering Regulations 2007
HM Treasury, assisted by colleagues in the Better Regulation Executive, is reviewing the anti-money laundering regime under the 2007 Money Laundering Regulations.
The review will focus on the full scope of the 2007 Regulations (not simply changes made in 2007), on guidance, and on other communication and engagement with stakeholders. The review will also consider supervisory arrangements, industry practice and the customer experience under the regulations.
On 9th October 2009, we issued a Call for Evidence in order to capture views on how the regulations are designed as well as how they work in practice, in terms of how effective and proportionate they are and how much engagement there has been.
The Call for Evidence closed on 9th December. We would like to thank everyone who took the time to respond and provide us with their views. In addition to the written responses received, we have held events throughout the UK and heard directly from nearly 300 stakeholders including people from firms, supervisors, other industry bodies and the third sector.
HM Treasury also issued a Press Notice about the launch of the Review.
Summary of the Call for Evidence
HM Treasury is publishing a summary of the responses to the Call for Evidence received in 2009. The summary is not exhaustive or comprehensive but should give readers an indication of the main emerging themes of the Review.
The Governments response, including any proposals for legislative change, will be published in due course. There will be a further consultation on any legislative proposals.
The documents below are available to download 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.
Responses are available below in PDF format. These are grouped into six documents covering the following groups of respondents:
Please note that these files may take some time to download.
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