Legislation and Guides

We would like to tell you about

• Legislation
• Guides

Legislation

• Money Laundering Regulations 2007
• Proceeds of Crime Act 2002 (part 7)
• The Terrorism Act 2000 (as amended by The Anti Terrorism and Crime and Security Act 2001) see section 21 A
• Information on the payer accompanying transfer of funds - (EU Regulations on Wire Transfers) - effective from 1 January 2007. The final text of the EU legislation that places new requirements for the traceability of transfers of funds for payment service providers is now available from the Europa website.

Implementing the Third Money Laundering Directive: Money Laundering Regulations 2007

The Economic Secretary, Kitty Ussher, published the new Money Laundering Regulations 2007 on 25 July. The new Regulations, which will come into effect on the 15 December, are designed to ensure the UK response to money laundering and terrorist financing at home and abroad is effective and proportionate.

The new Regulations are available on the HM Treasury website.

Guides

Money Service Businesses (MSBs)

• MLR8 - Guide to the prevention of money laundering and terrorist financing (Money Laundering Regulations 2007)(effective from 15 December 2007) (PDF 7.9MB)
• MLR8 At a glance - a quick guide to the prevention of money laundering and terrorist financing
• MLR9 - Guide to Registration (effective from 15 December 2007 (PDF 204K)

High Value Dealers (HVDs)

• MLR8 - Guide to the prevention of money laundering and terrorist financing (Money Laundering Regulations 2007)(effective from 15 December 2007) (PDF 7.9MB)
• MLR8 At a glance - a quick guide to the prevention of money laundering and terrorist financing
• MLR9 - Guide to Registration (effective from 15 December 2007) (PDF 204K)

Trust or Company Service Providers (TCSPs)

• MLR8 - Guide to the prevention of money laundering and terrorist financing (Money Laundering Regulations 2007)(effective from 15 December 2007) (PDF 7.9MB)
• MLR8 At a glance - a quick guide to the prevention of money laundering and terrorist financing
• MLR9 - Guide to Registration (effective from 15 December 2007) (PDF 204K)

Accountancy Service Providers (ASPs)

• All auditors, insolvency practitioners, external accountants and tax advisers should follow the guidance published by the Consultative Committee of Accountancy Bodies (CCAB).
• MLR9 - Guide to Registration (effective from 15 December 2007) (PDF 204K)