Money Laundering Regulations 2017

Further to last month’s article in the technical pages on this, the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (‘the Money Laundering Regulations’) have now come into effect and can be found online. Some of the numbering in the Money Laundering Regulations has slightly changed from the draft version but the principles set out in our article last month on client due diligence still stand. We are sending out an Anti-Money Laundering Newsletter to those members that we supervise for AML setting out the new requirements and are looking to hold a seminar around October time.