HM Treasury has published a new page on its website stating that it is planning a review of the Money Laundering Regulations 2007 (2007 Regulations).
The review will focus on the full scope of the 2007 Regulations, on guidance, and on other communications and with stakeholders. The review will also consider supervisory arrangements, industry practice and the customer experience under the 2007 Regulations.
HM Treasury expects to issue a call for evidence this October. It also expects to arrange meetings as part of the review in Belfast, Edinburgh, Birmingham and London.
HM Treasury hopes to announce an analysis of the evidence and its response to it in 2010.