Proposed amendments to the Money Laundering Regulations - draft SI and policy note

The draft Money Laundering and Terrorist Financing (Amendment and Miscellaneous Provision) Regulations 2025 - Policy note

The draft Money Laundering and Terrorist Financing (Amendment and Miscellaneous Provision) Regulations 2025 - Policy note

Draft SI: The Money Laundering and Terrorist Financing (Amendment and Miscellaneous Provision) Regulations 2025

Details

HMT is publishing draft Money Laundering and Terrorist Financing (Amendment and Miscellaneous Provision) Regulations 2025 (“the SI”) alongside a note detailing the policy intention of the SI. Through this technical consultation, respondents are asked to review the practical operability, clarity, and effectiveness of the SI, including changes to customer due diligence, pooled client accounts, cryptoasset regulation, and trust registration. Feedback on errors, ambiguities, or unintended consequences is welcomed before finalisation. Responses should be sent to: Anti-MoneyLaunderingBranch@hmtreasury.gov.uk by 30 September 2025.