On 22 July 2021, HM Treasury published a call for evidence and consultation, both relating to the UK’s anti-money laundering and countering the financing of terrorism regime. The call for evidence relates to a broad review of the UK’s AML/CFT regulatory and supervisory regimes, whilst the consultation seeks views on specific proposed amendments to the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. Both the call for evidence and consultation close on 14 October 2021.
In this briefing, we summarise the key areas considered by the call for evidence and consultation.
The full briefing is available here.