The Government has laid before Parliament The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (SI 2017 No. 692), which will come into force on Monday, 26 June 2017.
The Regulations replace the Money Laundering Regulations 2007 and the Transfer of Funds (Information on the Payer) Regulations 2007 with updated provisions that implement in part the Fourth Money Laundering Directive and the Funds Transfer Regulation.
The Regulations have changed from the version on which the government consulted earlier this year, and these changes are visible in the attached comparison document.
Details of Norton Rose Fulbright’s Global Anti-Money Laundering Assurance for Financial Institutions is here.