HM Treasury launches money laundering proposal

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Monday, 12 October 2009 16:17

HM Treasury has just published a call for evidence on the Money Laundering Regulations 2007 and of the UK’s anti-money laundering policies and procedures under them. The request is designed to help inform a review of the Regulations, and look at how effective and proportionate the UK’s anti-money laundering rules are.

The call for evidence is in two parts. Part A of the call for evidence is aimed at money-laundering experts and practitioners, such as businesses supervised under the Regulations and money laundering supervisors. Part B is focused on private individuals and business customers. The text of each of the parts of the call for evidence is available on the HM Treasury website at: http://www.hm-treasury.gov.uk/fin_crime_review.htm

The call for evidence will run until 11th December 2009.
The HM Treasury website will carry further news of the Review during the autumn, including stakeholder events to be held in Belfast, Birmingham, Edinburgh and London.

The Treasury is working with the Better Regulation Executive on the Review and expects to report back on the evidence received and provide a response to it in 2010.