Consultation outcome

Transposition of the Fourth Money Laundering Directive

• From: HM Treasury
• Published: 15 September 2016
• Last updated: 17 March 2017 — See all updates

This was published under the 2016 to 2019 May Conservative government

This consultation has concluded

Detail of outcome

This consultation has now closed. A further consultation providing an update on these proposals, as well as draft Money Laundering Regulations 2017, has been published. The government would welcome views on whether the draft regulations deliver the policy intent by 12 April.

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Original consultation

Summary

Seeking views and evidence to inform government transposition of the Fourth Money Laundering Directive and the Fund Transfer Regulation.

This consultation ran from
4pm on 15 September 2016 to 11:45pm on 10 November 2016

Consultation description

This consultation invites views and evidence to inform government transposition of the Fourth Money Laundering Directive and the Fund Transfer Regulation.

The directive seeks to give effect to updated international anti-money laundering and counter-financing of terrorism (AML/CFT) standards set by the Financial Action Task Force. The directive is accompanied by the Fund Transfer Regulation, which updates rules on information accompanying transfers of funds, and which will come into force from June 2017.

The government is keen to ensure that the UK’s AML/CFT regime effectively deters money laundering and terrorist financing activity, whilst being proportionate and managing burdens on businesses.

Documents

Consultation on the transposition of the Fourth Money Laundering Directive

Ref: ISBN 978-1-911375-22-7, PU1976

PDF, 717 KB, 84 pages

Impact Assessment

PDF, 579 KB, 22 pages

Published 15 September 2016
Last updated 17 March 2017 + show all updates

1. 17 March 2017

   Consultation update added.

2. 2 November 2016

   Updated to include the Impact Assessent

3. 15 September 2016

   First published.