Regulation of anti-money laundering and counter-terrorist financing—table of relevant authorities
Regulation of anti-money laundering and counter-terrorist financing—table of relevant authorities

The following Risk & Compliance guidance note provides comprehensive and up to date legal information covering:

  • Regulation of anti-money laundering and counter-terrorist financing—table of relevant authorities

This Practice Note provides a quick reference guide to the bodies that have anti-money laundering (AML) and counter-terrorist financing (CTF) responsibilities in the UK. For more detailed information on enforcement, see Practice Note: Money Laundering Regulations 2017—enforcement, offences and penalties.

Category Body Role(s)
UK government Home Office Responsible for UK primary legislation, eg Proceeds of Crime Act 2002 (POCA 2002)

Strategic planning, including:
—police strategy and resourcing
—asset recovery

Chairs (with HM Treasury) Money Laundering Advisory Committee (MLAC), a forum for key stakeholders to coordinate the AML regime and review its efficiency and effectiveness
HM Treasury Represents UK in EU and Financial Action Task Force (FATF)

Implements EU Directives, principally through the Money Laundering Regulations

Approves industry guidance under POCA 2002, Terrorism Act 2000 and Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR 2017), SI 2017/692

Responsible for the implementation and administration of the UK’s financial sanctions regime

Chairs (with Home Office) MLAC