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.

​​Date​​SourceWhoSummary
​​2022/23​​UK Government​​UK Government​​New economic crime levy expected to commence.
Spring 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).
10 March 2022UK GovernmentUK GovernmentThe Money Laundering and Terrorist Financing (Amendment) (EU Exit) Regulations 2020, SI 2020/991 come fully into force.
Autumn 2021UK GovernmentUK GovernmentIn the April 2021 HM Government and UK Finance: Economic Crime Plan: Statement of Progress report, it states the government intends to launch a consultation on economic crime proposals.
Autumn 2021UK GovernmentUK GovernmentIn the April 2021 HM Government and UK Finance: Economic Crime Plan: Statement of Progress report, it states the government intends to develop legislative and non-legislative proposals and establish a SARs Advisory Group.
30 September 2021UK GovernmentWilliam ShawcrossIndependent review of the Prevent programme (one of the four strands of
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