Treasury has amended the definition of “regulated sector” for the purposes of the Terrorism Act 2000 and Proceeds of Crime Act 2002. The definition now includes estate agents selling property outside the UK. Treasury has also amended the Money Laundering Regulations 2007 (MLR) to reflect this and the other changes it announced following its recent review of the MLR. The other changes include a provision allowing other institutions to rely on consumer credit institutions and various listed professionals for the purposes of compliance with customer due diligence obligations. The changes take effect on 1 October. (Source: Treasury Extends Regulated Sector and Treasury Amends MLR)