AML and counter-terrorist financing timeline
AML and counter-terrorist financing timeline

The following Practice Compliance practice note provides comprehensive and up to date legal information covering:

  • AML and counter-terrorist financing timeline
  • Future developments
  • Recent developments
  • Developments

STOP PRESS: Draft Legal Sector Affinity Group (LSAG) AML guidance was published on 20 January 2021. It awaits approval by HM Treasury and any content may be amended before the final version is published with the Treasury's approval. This document reflects HM Treasury approved LSAG AML guidance published in 2018 and will be updated in due course.

This timeline sets out developments in relation to anti-money laundering (AML) and counter-terrorist financing (CTF) regimes being implemented in the UK and the future developments we can expect.

Future developments

The dates contained in the following table are provisional and are subject to change.

​​Date​​SourceWhoSummary
​​2022/23​​UK Government​​UK Government​​New economic crime levy expected to commence.
​​June 2022​​UK Government​​UK Government​​UK government expected to review the MLR 2017 and OPBAS regulations.
10 March 2022UK GovernmentUK GovernmentThe Money Laundering and Terrorist Financing (Amendment) (EU Exit) Regulations 2020, SI 2020/991 come fully into force.
​​December 2021​​UK Government​​UK Government​​UK government expected to consider legislative changes to improve the Proceeds of Crime Act 2002.
6 April 2021UK GovernmentUK GovernmentThe Money Laundering and Terrorist Financing (Amendment) (EU Exit) Regulations 2020, SI 2020/991 come partly into force.
​​March 2021​​UK Government​​UK Government​​UK government to strengthen the consistency of professional body AML/CTF supervision.
​​Early 2021​​European Commission​​European Commission​​New EU AML and CTF policy initiatives expected.
Early 2021Department for Business, Energy and Industrial Strategy (DBEIS)UK GovernmentPublic register requiring overseas companies that
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