On 2 September 2025, HM Treasury (HMT) published a draft of the Money Laundering and Terrorist Financing (Amendment and Miscellaneous Provision) Regulations 2025 (the draft SI) alongside a note detailing the policy intention of the draft SI.
The draft SI makes certain technical amendments to the Money Laundering, Terrorist Financing and Transfer
With under two weeks to go until the new UK failure to prevent fraud offence comes into force, this blog discusses the priority actions companies can take in preparation.
On 1 September 2025, the UK’s new “Failure to Prevent Fraud” (FtPF) offence will come into force, reshaping corporate liability for fraud and effectively
On 12 August 2025, the European Banking Authority (EBA) published a Report on the use of technology tools in anti-money laundering (AML) and countering the financing of terrorism (CFT) supervision.
Overview
On 19 June 2024, the AML/CFT package was published in the Official Journal of the European Union which
On 31 July 2025, the Home Office updated its guidance on the exemptions from the money laundering obligations and money laundering reporting obligations in the Proceeds of Crime Act 2002 (POCA).
The purpose of the guidance is to set out the government position on exemptions relating to the money laundering obligations in the
On 28 July 2025, the European Banking Authority (EBA) issued an opinion addressed to the European co-legislators and anti-money laundering / countering the financing of terrorism (AML/CFT) competent authorities. It serves as the EBA’s fifth opinion which informs competent authorities’ application of the risk-based approach to AML/CFT supervision and the European
On 22 July 2025, the Wolfsberg Group issued a statement which re-establishes its commitment to the risk-based-approach (RBA). It includes a pledge to update the Wolfsberg Group’s 2006 RBA guidance, along with other documents that touch on the RBA, such as the 2015 FAQs on risk assessments.
On 21 July 2025, the National Crime Agency and Financial Conduct Authority published nine economic crime priorities for the UK’s regulated sector. The priorities include combatting cash-based money-laundering, the exploitation of money mules, and fraud associated with overseas jurisdictions
On 16 July 2025, there was published on legislation.gov.uk, The Proceeds of Crime (Money Laundering) (Threshold Amount) (Amendment) Order 2025.
This Order comes into force on 31 July 2025 and increases from £1,000 to £3,000 the threshold amounts specified in section 339A(2) and (6A) of the Proceeds of Crime Act 2022 (POCA).
On 17 July 2025, HM Treasury (HMT) published Improving the effectiveness of the Money Laundering Regulations – Consultation response.
In the consultation response, HMT is publishing its response to the 2024 consultation on the Money Laundering Regulations (MLRs), which received over 200 responses from across a range of stakeholders. HMT
On 15 July 2025, the Financial Conduct Authority amended Finalised Guidance 25/3: The treatment of politically exposed persons for anti-money laundering purposes by adding guidance to clarify that firms should not treat non-executive board members of UK civil-service departments as a politically exposed persons.