Wednesday, 16 February 2022

UK: The Money Laundering and Terrorist Financing (Amendment) Regulations 2022

The Money Laundering and Terrorist Financing (Amendment) Regulations 2022 were made earlier this week and come into force on 9 March 2022: see here or here (pdf). The explanatory memorandum, available here (pdf), states: "These Regulations update the existing United Kingdom anti-money laundering legislation to make minor amendments concerning the UK’s register of express trusts. The main changes are made in order to extend the deadlines imposed on trustees for registering and updating information on the register, and also to amend the categories of trusts which are required to register" (paras. 2.1 and 2.2).

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