Anti-Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017

These Regulations replace the Money Laundering Regulations 2007 and the Transfer of Funds (Information on the Payer) Regulations 2007 with updated provisions that implement in part the Fourth Money Laundering Directive (4MLD or “the Directive”) 2015/849/EU and the Funds Transfer Regulation (FTR) 2015/847/EU. 4MLD seeks to give effect to the updated Financial Action Task Force (FATF) global standards which promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system.