The Fourth Anti-Money Laundering Directive came into force on 25 June 2015; and it must be transposed into UK national law by 26 June 2017.

The UK Government is preparing for a 12 week consultation on transposition in the “early Spring” of 2016. The consultation will focus on those areas where the Directive includes transposition options or discretion; “…areas where [the Government believes that it] can improve the UK’s anti-money laundering and [terrorist] financing … regime“; and “…. further changes … in response to emerging threats“.

Posted by Cooley