The European Commission has published proposals for a countering money laundering directive in acknowledgement that, although all Member States criminalise money laundering, there are some legislative differences. Proposed changes relate to the following: (i) there are significant differences in the respective definitions used in money laundering legislation; (ii) the current legislative framework is neither comprehensive nor sufficiently coherent to be fully effective; and (iii) at the operational level, the differences in the definitions, scope and sanctions of money laundering offences affect cross-border police and judicial cooperation between national authorities and the exchange of information. It is believed that the impact on the UK will be limited for the following reasons: (a) in accordance with Protocol 21 on the areas of freedom, security and justice, the UK can decide whether to opt into the proposal; and (b) the UK already has robust and established money laundering legislation and regulation.