The legislation which embodies the UK anti-money laundering regime is listed below.
The Proceeds of Crime Act 2002
The Proceeds of Crime Act 2002 became law on 24 February 2003. Prior to the implementation of this legislation, the offence of money laundering was limited to the proceeds of indictable crime, drugs and terrorism. Part VII of the Act extended this definition to the proceeds of any crime.
The Proceeds of Crime Act 2002
(as amended by The Serious Organised Crime and Police Act 2005 and relevant statutory instruments)
The Terrorism Act of 2006
The Terrorism Act of 2006 creates new offences relating to terrorism, and amends existing ones. The Act was drafted in the aftermath of the 2005 London bombings, at a time where the UK is considered to face an increased risk of terrorism.
The Terrorism Act 2006
The Terrorism Act 2000
The Terrorism Act 2000 came into force in response to the increasing threat of international terrorism and is the primary piece of counter-terrorism legislation in the UK.
The Terrorism Act 2000
(as amended by the Anti Terrorism Crime and Security Act 2001 and the Terrorism Act 2006 and relevant statutory instruments)
The Money Laundering Regulations 2007
TheUK government issued The Money Laundering Regulations 2007 in July 2007, which came into effect on 15 December 2007, repealing The Money Laundering Regulations 2003.
The main changes to the 2003 Regulations were: more detailed obligations regarding customer due diligence; encouragement of a risk-based approach to customer due diligence; enhanced due diligence for high risk situations; allow firms to rely on other professional firms to undertake customer identification; and more detailed arrangements for the supervision of firms.
The Money Laundering Regulations 2007 and relevant statutory instruments
For more information refer to the Legislation section of the Anti-Money Laundering Links page .