Offences under the Money Laundering Regulations 2017 (MLR 2017)
Produced in partnership with Michael Potts of Byrne and Partners LLP
Offences under the Money Laundering Regulations 2017 (MLR 2017)

The following Corporate Crime practice note produced in partnership with Michael Potts of Byrne and Partners LLP provides comprehensive and up to date legal information covering:

  • Offences under the Money Laundering Regulations 2017 (MLR 2017)
  • Introduction to the Money Laundering Regulations 2017
  • Offences under the Money Laundering Regulations 2017
  • Offences carried out by individuals, corporate bodies, partnerships and unincorporated associations
  • Prejudicing an investigation
  • Disclosure offences
  • Breach of confidentiality offence
  • Offences in respect of the Wire Transfer Regulations
  • Relevant persons under MLR 2017
  • Requirements on relevant persons (relevant requirements)
  • More...

FORTHCOMING CHANGE: The Sanctions and Anti-Money Laundering Act 2018 (SAMLA 2018), which received Royal Assent on 23 May 2018, provides a power for Ministers to make regulations for the purposes of enabling or facilitating the detection, investigation or prevention of money laundering and terrorist financing and implementing Financial Action Task Force (FATF) standards. For more information, see Practice Note: Development of sanctions regime in the UK post Brexit—timeline and News Analysis: Impact of new Sanctions and Anti-Money Laundering Act considered. These provisions are partially in force, see: Sanctions and Anti-money Laundering Act 2018: is it in force?—checklist.

Introduction to the Money Laundering Regulations 2017

The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR 2017), SI 2017/692 came into force on 26 June 2017. MLR 2017 repealed and replaced the Money Laundering Regulations 2007 (MLR 2007), SI 2007/2157, which had implemented Directive 2005/60/EC from 15 December 2007.

This Practice Note provides detailed guidance on the offences which can be committed under MLR 2017 and sentences which can be imposed on conviction. It also summarises key regulator guidance and introduces the Office for Professional Body Anti-Money Laundering Supervision (OPBAS). For a quick reference guide to offences under MLR 2017, see Practice Note: Money Laundering Regulations 2017—enforcement, offences and penalties.

MLR 2017 were derived from the UK’s membership of the EU

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