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  1. Money Laundering Regulations 2007 [SI 2007 No. 2157]
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Version status: Revoked | Document consolidation status: Updated to reflect all known changes
Published date: 24 July 2007

Money Laundering Regulations 2007 [SI 2007 No. 2157]

Consolidation Status: Updated to reflect all known changes
Comparing proposed amendment...
Introductory Text
Part 1 General (regs. 1-4)
Revoked
 Regulation 1 Citation, commencement etc.
Revoked
 Regulation 2 Interpretation
Revoked
 Regulation 3 Application of the Regulations
Revoked
 Regulation 4 Exclusions
Part 2 Customer Due Diligence (regs. 5-18)
Revoked
 Regulation 5 Meaning of customer due diligence measures
Revoked
 Regulation 6 Meaning of beneficial owner
Revoked
 Regulation 7 Application of customer due diligence measures
Revoked
 Regulation 8 Ongoing monitoring
Revoked
 Regulation 9 Timing of verification
Revoked
 Regulation 10 Casinos
Revoked
 Regulation 11 Requirement to cease transactions etc.
Revoked
 Regulation 12 Exception for trustees of debt issues
Revoked
 Regulation 13 Simplified due diligence
Revoked
 Regulation 14 Enhanced customer due diligence and ongoing monitoring
Revoked
 Regulation 15 Branches and subsidiaries
Revoked
 Regulation 16 Shell banks, anonymous accounts etc.
Revoked
 Regulation 17 Reliance
Omitted
 Regulation 18 Directions where Financial Action Task Force applies counter-measures
Part 3 Record-Keeping, Procedures and Training (regs. 19-21)
Revoked
 Regulation 19 Record-keeping
Revoked
 Regulation 20 Policies and procedures
Revoked
 Regulation 21 Training
Part 4 Supervision and Registration (regs. 22-35)
Interpretation (reg. 22)
Revoked
 Regulation 22 Interpretation
Supervision (regs. 23-24A)
Revoked
 Regulation 23 Supervisory authorities
Revoked
 Regulation 24 Duties of supervisory authorities
Revoked
 Regulation 24A Disclosure by supervisory authorities
Registration of high value dealers, money service businesses and trust or company service providers (regs. 25-30)
Revoked
 Regulation 25 Duty to maintain registers
Revoked
 Regulation 26 Requirement to be registered
Revoked
 Regulation 27 Applications for registration in a register maintained under regulation 25
Revoked
 Regulation 28 Fit and proper test
Revoked
 Regulation 29 Determination of applications under regulation 27
Revoked
 Regulation 30 Cancellation of registration in a register maintained under regulation 25
Requirement to inform the Authority (reg. 31)
Revoked
 Regulation 31 Requirement on authorised person to inform the Authority
Registration of Annex I financial institutions, estate agents etc. (regs. 32-34)
Revoked
 Regulation 32 Power to maintain registers
Revoked
 Regulation 33 Requirement to be registered
Revoked
 Regulation 34 Applications for and cancellation of registration in a register maintained under regulation 32
Financial provisions (reg. 35)
Revoked
 Regulation 35 Costs of supervision
Part 5 Enforcement (regs. 36-47)
Powers of designated authorities (regs. 36-41)
Revoked
 Regulation 36 Interpretation
Revoked
 Regulation 37 Power to require information from, and attendance of, relevant and connected persons
Revoked
 Regulation 38 Entry, inspection without a warrant etc.
Revoked
 Regulation 39 Entry to premises under warrant
Revoked
 Regulation 40 Failure to comply with information requirement
Revoked
 Regulation 41 Powers of relevant officers
Civil penalties, review and appeals (regs. 42-44)
Revoked
 Regulation 42 Power to impose civil penalties
Revoked
 Regulation 43 Appeals against decisions of the Commissioners
Revoked
 Regulation 43A Offer of review
Revoked
 Regulation 43B Review by the Commissioners
Revoked
 Regulation 43C Extensions of time
Revoked
 Regulation 43D Review out of time
Revoked
 Regulation 43E Nature of review etc
Revoked
 Regulation 43F Bringing of appeals against decisions of the Commissioners
Revoked
 Regulation 44 Appeals
Criminal offences (regs. 45-47)
Revoked
 Regulation 45 Offences
Revoked
 Regulation 46 Prosecution of offences
Revoked
 Regulation 47 Offences by bodies corporate etc.
Part 6 Miscellaneous (regs. 48-51)
Revoked
 Regulation 48 Recovery of charges and penalties through the court
Revoked
 Regulation 49 Obligations on public authorities
Revoked
 Regulation 49A Disclosure by the Commissioners
Revoked
 Regulation 50 Transitional provisions: requirement to be registered
Revoked
 Regulation 51 Minor and consequential amendments
Revoked
 Schedule 1 Activities Listed in Points 2 to 12, 14 and 15 of Annex I to the Banking Consolidation Directive
Revoked
 Schedule 2 Financial Activity, Simplified Due Diligence and Politically Exposed Persons
Schedule 3 Professional Bodies
Substituted
 Schedule 3, Part 1 [Substituted with new Sch. 3]
Substituted
 Schedule 3, Part 2 [Substituted with new Sch. 3]
Revoked
 Schedule 4 Connected Persons
Schedule 5 Modifications In Relation To Appeals
Revoked
 Schedule 5, Part 2 Secondary legislation (para. 3)
Revoked
 Schedule 5, Part 1 Primary legislation (paras. 1-2)
Schedule 6 Minor And Consequential Amendments
Revoked
 Schedule 6, Part 1 Primary legislation (paras. 1-3)
Revoked
 Schedule 6, Part 2 Secondary legislation (paras. 4-15)
Signature
Explanatory Note
Explanatory Memorandum
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