HM Treasury publishes consultation on transposition of Fifth Money Laundering Directive

Industry News | 16/04/19

HM Treasury has published a consultation seeking views on the steps that the government proposes to take to meet the UK’s expected obligation to transpose the Fifth Money Laundering Directive into national law. The government is keen to ensure that the UK’s anti-money laundering and counter terrorist financing regime effectively deters money laundering and terrorist financing activity, whilst being proportionate and managing burdens on businesses. The consultation closes on 10 June 2019.