News & Analysis as of

AML/CFT United Kingdom HM Treasury

A&O Shearman

HMT publishes latest NRA of money laundering and terrorist financing risks

A&O Shearman on

HM Treasury has published its latest 2025 National Risk Assessment (NRA) of Money Laundering and Terrorist Financing, offering a comprehensive review of the UK's exposure to financial crime. Building on the 2015, 2017, and...more

A&O Shearman

UK Financial Conduct Authority Finalized Guidance for Payment Firms that Enables a Risk-Based Approach to Processing Suspected...

A&O Shearman on

The Financial Conduct Authority has published finalized guidance for payment service providers that enables a risk-based approach to processing suspected fraudulent payments. Following the publication of the Payment Services...more

A&O Shearman

HM Treasury Updates High-Risk Third Countries List under Money Laundering Regulations

A&O Shearman on

HM Treasury has updated its money laundering advisory notice on high-risk third countries. Under the U.K. Money Laundering Regulations, the U.K. regulated sector must apply enhanced customer due diligence in relation to...more

A&O Shearman

Draft UK Legislation on Revised Payment Service Contract Termination Rules Expected Before 2024

A&O Shearman on

HM Treasury has published a further policy statement on payment service contract termination rule changes, setting out its approach to implementation, timing and next steps. This latest policy statement follows the...more

Hogan Lovells

HM Treasury consults on UK regulatory approach to cryptoassets and stablecoins

Hogan Lovells on

The UK Treasury has issued a consultation on the regulatory approach to cryptoassets and stablecoins. It discusses the current regulatory landscape for cryptoassets, puts forward proposals for the extension of the regulatory...more

WilmerHale

‘Closing the door on dirty money’: the European Commission’s Anti–Money Laundering Action Plan

WilmerHale on

On 7 May 2020, the European Commission (Commission) issued a comprehensive and ambitious Action Plan and public consultation designed to strengthen the European Union's (EU) legal framework to fight against money laundering...more

BCLP

A rag-bag of changes to UK money laundering regulations

BCLP on

UK regulations implementing the EU 5th Money Laundering Directive (“5MLD”) came into force on 10 January 2020: the Money Laundering and Terrorist Financing (Amendment) Regulations 2019 (“MLR 2019”). The regulations make a...more

A&O Shearman

UK Implements EU’s Fifth Anti-Money Laundering Directive

A&O Shearman on

U.K. revisions to its anti-money laundering and counter terrorist financing regime come into force on 10 January 2020. The U.K.’s revisions implement the European Union’s Fifth Anti-Money Laundering Directive, commonly...more

A&O Shearman

HM Treasury Publishes Report on Activities of Anti-Money Laundering and Counter-Terrorist Financing Supervisory Bodies

A&O Shearman on

HM Treasury has published a report on the activities undertaken by the U.K.'s anti-money laundering and counter-terrorist financing supervisory bodies in 2017-2018. The report follows the publication of the Financial Action...more

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