Implementing MLD4: Treasury consults

Posted on September 16, 2016
Archive : September 2016
Category : News

The Fourth Money Laundering Directive (MLD4) and the accompanying revised Fund Transfer Regulation (FTR) were adopted by the EU lawmakers around 18 months ago and published in the Official Journal of the EU on 5 June 2015. Read the Bond Dickinson summary of the changes. They are due for implementation by June 2017. However, since their adoption there have been almost constant calls, variously, for early implementation and for significant extensions to scope. Regardless of some remaining uncertainties, HM Treasury said it would consult in the autumn of 2016 on its plans for implementation, and has now, on 15 September, published its paper.