Stricter Money Laundering Rules Announced
HM Treasury Press Release
25 July 2007
Today the Economic Secretary, Kitty Ussher, published new tough and targeted Regulations to fight Money Laundering and Terrorist Financing. The Money Laundering Regulations, which will come into effect on the 15th December, are designed to ensure the UK response to money laundering at home and abroad is effective and proportionate.
Law Society Take On The New Rules
Law Society Page about the Regs
UK regulations reach final stage
The final Money Laundering Regulations 2007 are expected to be laid before Parliament in the coming weeks, after a process of refinement by HM Treasury.