This snapshot, taken on
03/07/2011
, shows web content acquired for preservation by The National Archives. External links, forms and search may not work in archived websites and contact details are likely to be out of date.
 
 
The UK Government Web Archive does not use cookies but some may be left in your browser from archived websites.
HM Treasury

Financial services

Counter illicit finance

7 June 2011: HM Treasury published the Government response to its review of the Money Laundering Regulations

HM Treasury published the Government response to its review of the Money Laundering Regulations, including a consultation on proposals for changes to the regulations and a pre-consultation impact assessment.

The consultation will run from 7 June until 30 August 2011. Views are sought in order to develop a robust impact assessment and ensure the proposals contribute to a more effective and proportionate regime.

15th April 2011: HM Treasury issues Financial Sector Advisory Notice

HM Treasury issued a Financial Sector Advisory Notice today regarding the risks posed by unsatisfactory money laundering controls in a number of jurisdictions.  The Money Laundering Regulations 2007 require firms to put in place policies, procedures or systems in order to prevent money laundering or terrorist financing.

This advice supersedes previous advice issued by HM Treasury in connection with deficiencies in these areas.

27 October 2010: New EU Regulation imposes financial restrictions against Iran

The Council Regulation (EU) No 961/2010, published on 27 October 2010, imposes restrictive measures against Iran, which comes into immediate effect. The Council Regulation (EU) No 961/2010 amends the list of designated persons under the asset freezing measures contained in Regulation 423/2007 and implements additional restrictive measures against Iran as set out in Decision 2010/413/CFSP.

Regulation 961/2010 repeals Regulation 423/2007.   A full copy of the EU Council Decision and Regulation can be found on the Financial Sanctions page and HM Treasury has issued a notice on the financial measures in the Regulation Article 23 of the Regulation sets out requirements for credit and financial institutions within EU jurisdiction to exercise enhanced vigilance towards the credit and financial institutions set out at article 23(2) of the Regulation.

These requirements were previously set out in EU Regulation 1110/2008. The Treasury’s guidance note on these requirements has been updated to reflect the inclusion of the requirements in the new Regulation. A revised version of the note is issued today, 27 October 2010. The requirements have not changed.

A full copy of the EU Council Decision and Regulation can be found on the Financial Sanctions page.

Article 23 of Council Regulation (EU) No 961/2010 sets out requirements for credit and financial institutions within EU jurisdiction to exercise enhanced vigilance towards the credit and financial institutions set out at article 23(2) of the Regulation. 

These requirements were previously set out in EU Regulation 1110/2008. The Treasury’s guidance note on these requirements has been updated to reflect the inclusion of the requirements in the new Regulation. A revised version of the note is issued today, 27 October 2010. The requirements have not changed.

Subscribe to the HM Treasury AML / CTF mailing list 

The Counter Illicit Finance Team offers a subscription facility for notification by e-mail when anti-money laundering (AML) or counter terrorist financing (CTF) announcements are made by HM Treasury.

The Subscribe to the HM Treasury AML / CTF mailing list link below has further details on how to start, change or cancel a subscription.

Financial sanctions: index

Back to top