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

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.

​​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.
​​December 2021​​UK Government​​UK Government​​UK government expected to consider legislative changes to improve the Proceeds of Crime Act 2002.
​​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 own or buy property in the UK to provide details of their ultimate owners to go live.
​​2021​​UK Government​​UK Government​​UK government to enhance transparency of overseas ownership of UK property.
3 December 2020European CommissionEuropean Commission6MLD to be given effect in national law in participating countries.
​​December 2020​​Home Office/National Crime Agency (NCA)​​Home Office/National Crime Agency (NCA)​​The first phase of the planned IT overhaul in relation to suspicious activity reporting is due for completion, at which point the operating model for the future will be agreed.
​​14 October 2020​​UK Government​​UK Government​​Consultation on the new economic crime levy closes.
​​1 October 2020​​European Commission​​European Commission​​The

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