Open consultation

Transposition of the Fifth Money Laundering Directive

Summary

Seeking views on the transposition of the Fifth Money Laundering Directive.

This consultation closes at

Consultation description

This consultation invites views and evidence 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 Fifth Money Laundering Directive makes amendments to the Fourth Money Laundering Directive on the prevention of the use of the financial system for the purposes of money laundering and terrorist financing. These amendments and new provisions will further strengthen transparency and the existing preventative framework, whilst ensuring the UK adheres to international standards set by the Financial Action Task Force.

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.

Documents

Ways to respond

Email to:

Anti-MoneyLaunderingBranch@hmtreasury.gov.uk

Write to:

Consultation on the Transposition of 5MLD
Sanctions and Illicit Finance Team (2/27)
HM Treasury
1 Horse Guards Road
London
SW1A 2HQ

Published 15 April 2019