The Fourth Anti-Money Laundering Directive has been agreed and was formally adopted in June 2015. Member States now have until June 2017 to transpose its requirements into national law.

The Government plans to publish a consultation on transposition of the Directive by early Spring, which will run for a full 12 weeks.  The Government will consult on areas where the Directive gives it options or discretion on how to transpose its provisions, as well as areas where it can improve the UK’s anti-money laundering (AML) and counter-terrorist financing (CTF) regime.