Refit for purpose - the UK Money Laundering Regulations

The politics is clear in the ministerial foreword - ensuring UK regulation is "attractive to investors and supports economic growth" - but for all that, HM Treasury's consultation on how to improve the Money Laundering Regulations, the legislative nuts and bolts of the AML/CFT regime, is a thoughtful, thorough piece of work, and accompanied by a survey on the costs of compliance.

Timon Molloy (timon.molloy@lloydslistintelligence.com), Editor

The politics is clear in the ministerial foreword - ensuring UK regulation is "attractive to investors and supports economic growth" - but for all that, HM Treasury's consultation on how to improve the Money Laundering Regulations (MLRs) [1], the legislative nuts and bolts of the AML/CFT regime, is a thoughtful, thorough piece of work, and accompanied by a survey on the costs of compliance. [2]