At the end of 2019, the Government released new Regulations which amend the 2017 Money Laundering and Terrorist Financing Regulations; the Money Laundering and Terrorist Financing (Amendment) Regulations 2019 (the “2019 Regulations”). These Regulations implement the EU Fifth Money Laundering Directive.
Not all of the amendments are relevant to lawyers and we have produced a guide to the new regulations which focuses on the main changes which will impact law firms.
This guide is available to download on the right of this page.
However, there can be no substitute for reading both the new 2019 Regulations and considering how they impact on the original 2017 Regulations. To view both sets of regulations, please click on the below links: