The Money Laundering Regulations 2007 came into effect in UK law on 15th December 2007. The Regulations are primarily concerned with the prevention of the use of business structures by criminals and terrorists to facilitate them in the laundering of “dirty” money.
The regulations apply to the following businesses:
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Auditors, Insolvency Practitioners and External Accountants
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Estate Agents
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Independent Legal Professionals
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Credit Institutions
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Financial Institutions
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Casinos
For definitions of the above business types please see here.
If your business is one listed above then the regulations apply to you and your business and certain obligations under the regulation must be met and complied with. We are able to assist with all aspects of compliance for any affected business type. If your business is within the relevant business types caught by the regulations then please see our services pages here for assistance with all your compliance and due diligence needs. If you require any further assistance or information then please contact us on 0844 561 6852 or email us and we’ll be happy to assist you.
