Implementation of the 3rd EU Money Laundering Directive

Implementation of the 3rd EU Money Laundering Directive

Originally published in the issue

The 3rd EU Money Laundering Directive was implemented into UK law on 15th December 2007 by means of the Money Laundering Regulations 2007. In addition, the Joint Money Laundering Steering Group (‘JMLSG’) has updated its industry guidance notes to reflect the new Regulations.