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

The following Practice 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—law firms

Forthcoming changes: The UK has voted to leave the EU and this will take place on exit day as defined in section 20 of the European Union (Withdrawal) Act 2018. This has implications for law firms. This Practice Note is likely to be affected. It will be updated as and when relevant implementing legislation is published. For more on Brexit, see Practice Notes: Brexit—anti-money laundering and counter-terrorist financing—law firms and Preparing for Brexit—key considerations and action planning—law firms.

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—law firms.

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