Money Laundering: EU Law
(asked on 13th March 2017) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what progress has been made in transposing into UK law the Fourth Money Laundering Directive.
This question was answered on 16th March 2017
The Treasury launched a consultation on the transposition of the Fourth Money Laundering Directive in September 2016, which closed in November 2016. The Government has published its response to the consultation, setting out the policy decisions that have been taken. The response is accompanied by a consultation on draft Money Laundering Regulations, which will be open for four weeks. The Government intends that the new Money Laundering Regulations will come into force by 26 June 2017.