22 January 2007
Implementing the Third Money Laundering Directive: Draft Money Laundering Regulations 2007
In July 2006 the Government published "Implementing the Third Money Laundering Directive: A consultation document". This document outlined the changes to domestic legislation introduced by the Third Money Laundering Directive and consulted on options for implementation where the UK has flexibility.
Following the results of that consultation, the Government is now publishing draft Money Laundering Regulations 2007 for consultation. These Regulations will repeal and replace the Money Laundering Regulations 2003.
This document includes an accompanying narrative for the draft Money Laundering Regulations 2007 that summarises the proposals and questions in the previous consultation, the responses and the resulting policy. For each policy discussed there is a cross reference to the relevant regulation. The document also includes a table summary of responses to the previous consultation document and an updated Regulatory Impact Assessment (RIA). Consultees have until 2nd April 2007 to respond.
The document is available 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.
Media links
- PDF file of Implementing the Third Money Laundering Directive: Draft Money Laundering Regulations 2007 (534KB) (ISBN: 978-1-84532-248-9)
Related links
- Money Laundering Regulations 2007, published 25 July 2007
- Implementing the Third Money Laundering Directive: a consultation document