What draft AML reforms mean for UK financial sector
Law360, Expert analysis: On 2 September 2025, HM Treasury (HMT) published draft regulations that would amend the UK Money Laundering Regulations, or MLRs, and related financial services instruments. The analysis examines the implications of the proposed regulatory changes for the UK financial sector. The draft regulations reflect HMT's latest approach to updating the UK’s anti-money laundering (AML) regulatory framework. Azim Rahman, associate, and Dorota Maj, counsel at Ropes & Gray LLP, provide professional commentary on the potential effects for financial services firms operating under the current MLR regime.