Consultation outcome

Anti-money laundering and counter-terrorist finance: legislative proposals

• From: Home Office
• Published: 21 April 2016
• Last updated: 13 October 2016 — See all updates

This was published under the 2015 to 2016 Cameron Conservative government

This consultation has concluded

Read the full outcome

Government response to consultation on legislative proposals (web version)

PDF, 356 KB, 26 pages

Government response to consultation on legislative proposals (print version)

PDF, 456 KB, 26 pages

Detail of outcome

After considering all contributions to the consultation we have now published our response this this consultation.

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Original consultation

Summary

We are seeking views on proposals to reform the suspicious activity reports (SARs) regime.

This consultation ran from
10am on 21 April 2016 to 11:45pm on 2 June 2016

Consultation description

The government is seeking views on the change in focus of the suspicious activity reports (SARs) regime to entities responsible for money laundering and terrorist financing.

The action plan for anti-money laundering and counter-terrorist finance contains a number of proposals on which we wish to consult, as they will involve potential changes to legislation.

Some of the proposals include:

• new ways to improve data sharing between private sector organisations
• the creation of new powers to allow money to be seized
• the requirement for individuals to declare their sources of wealth

Documents

Annex A: consultation on legislative proposals

PDF, 25.7 KB, 4 pages

Published 21 April 2016
Last updated 13 October 2016 + show all updates

1. 13 October 2016

   Government response published.

2. 21 April 2016

   First published.