Money laundering
This section relates to the work on combating money laundering carried out by the Treasury's Financial Systems and International Standards Branch. As well as consultation documents, occasional guidance, the section will also include details of the Money Laundering Advisory Committee.
Some of the documents listed below 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.
23 November 2004
Following a request for clarification this letter sets out the policy intention underlying regulation 2(2)(l) of the Money Laundering Regulations 2003: 'The provision by way of business of legal services by a body corporate or unincorporate or, in the case of a sole practitioner, by an individual and which involves participation in a financial or real property transaction (whether by assisting in the planning or execution of any such transaction or otherwise by acting for, or on behalf of, a client in any such transaction'.
PDF file of Money Laundering Regulations 2003: Chartered surveyors acting as third party dispute resolvers: Letter to the Royal Institution of Chartered Surveyors 16 November 2004 (96KB)
26 November 2004
Anti-money laundering strategy
This document sets out how the government will continue the fight against money laundering. It provides a clear statement of the current regime and the government's goals.
PDF file of Anti-money laundering strategy (948KB)
4 October 2004
Consultation document on the European Commission's preliminary draft articles for a Third Money Laundering Directive - summary of responses published.
Informal consultation document on the Third EC Money Laundering Directive
30 January 2003
Following requests for clarification this letter sets out the policy intention underlying regulation 2(2)(m) of the Money Laundering Regulations 2003: “the provision by way of business of services in relation to the formation, operation or management of a company or a trust”.
PDF file of
Money Laundering Regulations 2003: Corporate Service Providers: letter to the British Bankers´ Association dated 19th January 200 (84KB)
6 January 2003
On 28th November 2003 the Financial Secretary to the Treasury, Ruth Kelly, laid the Money Laundering Regulations 2003 before Parliament, together with amending orders for the Proceeds of Crime Act and the Terrorism Act. The main effect of the Regulations is to complete the implementation in the UK of the 2nd EC Money Laundering Directive, agreed in December 2001.
The Regulations will come into force from 1 March 2004. Copies of the Regulations are available on HMSO's website.
The Money Laundering Regulations 2003
The Proceeds of Crime Act 2002 (Business in the Regulated Sector and Supervisory Authorities) Order 2003
The Terrorism Act 2000 (Business in the Regulated Sector and Supervisory Authorities) Order 2003
Related links:
PN 48/02 HM Treasury launches three-month public consultation on regulation of Money Services Business activities
Summary of Responses to the May 2002 Consultation on ´Proposed Amendments to the Money Laundering Regulations 2001´
Summary of Responses to Consultation on proposed revision of the Money Laundering Regulations 1993 and 2001
PDF file of Draft Statutory Instrument for Money Laundering (Amendment) Regulations 2002
PDF file of
Proposed Amendments to the Money Laundering Regulations 2001 consultation document
PDF file of Government guidance on the interaction between the Data Protection Act and the UK´s anti-money laundering legislation
PDF file of
Proposed revision of the Money Laundering Regulations 1993 and 2001 (172kb)
PDF file of
Draft Statutory Instrument for Money Laundering Regulations 2003 (199kb)
PDF file of
Final Regulatory Impact Assessment for the Money Laundering Regulations 2003 [26/11/03] (80kb)
The full RIA will accompany legislation when it is presented to Parliament. It becomes a final RIA when it is signed by the responsible Minister and placed in the House library.
PDF file of
Transposition Note Money Laundering Regulations 2003 (16kb) - describes the implementation of the 2nd EC Money Laundering Directive
Money laundering advisory committee
03/05/02 First Minutes
03/05/02 First Minutes: Discussion Paper 1
03/05/02 First Minutes: Discussion Paper 2
03/05/02 First Minutes: Discussion Paper 3
22/07/02 Working Group on UK implementation of the Second EC Money Laundering Directive: minutes of first meeting
15/11/02 Pn120 Consultation on the second EC Money Laundering Directive
20/11/02 PDF file of Minutes of Second Meeting of MLAC
01/05/03 Minutes of Third Meeting of MLAC
25/11/03 Minutes of the 4th MLAC meeting
25/11/03 Discussion paper for MLAC on the 3rd EU money laundering directive
25/11/03 Discussion paper for MLAC on the production of new industry guidance
02/06/04 Note of the Money Laundering Advisory Committee meeting.
02/12/04 Note of the Money Laundering Advisory Committee meeting.