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

AML and counter-terrorist financing timeline

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.

1 September 2022UK GovernmentUK GovernmentMoney Laundering and Terrorist Financing (Amendment) (No 2) Regulations 2022 expected to come into force.
1 September 2022UK GovernmentUK GovernmentRemaining provisions of the Money Laundering and Terrorist Financing (Amendment) (EU Exit) Regulations 2020, SI 2020/991, come into force.
2022UK GovernmentNational Crime AgencyIn the April 2021 HM Government and UK Finance: Economic Crime Plan: Statement of Progress report, it states the government is planning to launch a new digital service for SARs reporting and analysis. The government says it is also considering how to further improve the effectiveness of SAR reporting, particularly those requiring consent (DAML SARs).
2022National Crime Agency (NCA)NCAThe new SAR Online Portal is expected to go live in 2022.
2022Department 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.

Recent developments

15 June 2022UK GovernmentHM Treasury (HMT) published the outcome of its consultation on amendments to

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