Money laundering

Money laundering and terrorist financing are serious threats to society, losing revenue and endangering life, and fuelling other criminal activity. The UK anti-money laundering/counter terrorist financing regime is one of the most robust in Europe. Breaches of obligations under the regime are backed by disciplinary and criminal penalties.

This law guide is divided into three parts. In the first part, the nature of money laundering and terrorist financing and the legal and regulatory regime that has been established to address these issues are reviewed. The second part considers the particular requirements imposed on professionals and other organisations designed to ensure that their services are not used for furthering criminal purposes. The third part deals with a particular problem faced, principally by professionals, concerning the tension between the disclosure obligations imposed by the anti-money laundering regime and professional obligations that prohibit disclosure in certain circumstances.

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