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EUROPE · NORTHERN EUROPE

United Kingdom

FATF public-list status No FATF public-list status
Assessment network
Profile Changed 2026-09-28
Profile sections

Overview

Regulatory TimelineTrack FATF / FSRB and FIU-network participation alongside FATF public-list status and national regulatory activity over time.
FATFGlobal standard setter
Member · since 1990
MONEYVALRegional / assessment body
FATF-appointed participant · since 2026-01
Egmont GroupFIU network
FIU member · since 09.06.1995
FATF public-list status & assessments
Not publicly listed · 2 assessment milestones
Local regulatory activity
30 local changes
198619902000201020202026
Regulatory history timeline
Bars show verified participation periods. Diamonds mark MER / FUR assessment milestones. FATF public-list bands show status history. Local markers show regulatory changes, with marker size reflecting change density.
Jurisdiction framework
AML FrameworkNational / regional framework
Primary AML/CFT Framework

The UK framework combines the Money Laundering Regulations 2017 as amended, POCA 2002, Terrorism Act 2000, sanctions legislation and sector rules. SI 2026/621 is part of the current MLR text from 30 June 2026. On 15 September 2026 the government published its Anti-money laundering and asset recovery strategy 2026 to 2029, setting system-wide priorities; on 16 September the FCA added final cryptoasset perimeter guidance explaining the interaction between the forthcoming FSMA cryptoasset authorisation regime and the current MLR registration framework.

FATF Recommendations remain the international baseline; the cited national or regional framework controls the legal obligation.
CDD & Beneficial OwnershipCustomer / entity controls

PSC and Register of Overseas Entities frameworks provide corporate ownership transparency. ECCTA identity-verification requirements began legally on 18 November 2025 with phased implementation. MLR beneficial-owner CDD remains a separate customer-control obligation.

Ownership, control, verification, PEP/EDD and registry rules are jurisdiction-specific. A 25% beneficial-ownership threshold is not a universal AML rule.
Monitoring & ReportingOngoing controls and FIU reporting

POCA and terrorism legislation drive SAR reporting to the UKFIU, including DAML/consent mechanics where relevant. Regulated firms also apply MLR risk assessment, CDD, monitoring and recordkeeping duties.

Monitoring, screening, periodic review, escalation and suspicious reporting should be read against the applicable supervisor and primary rule.

Compliance Calendar3

Scheduled obligations
1
Requirement
Banking / Credit InstitutionsSecurities / InvestmentInsurance
FCA Annual Financial Crime Report (REP-CRIM)
Authority / Report toFinancial Conduct Authority (FCA)
Deadline / triggerAnnually · within 60 business days of the firm’s accounting reference date.

Requirement

Sector scope
Banking / Credit InstitutionsSecurities / InvestmentInsurance
Subject scope
Firms within SUP 16.23.1R and the application table in SUP 16.23.2R, subject to the stated exclusions. This includes specified UK/non-UK banks and other listed FCA firms; it is not a return for every MLR-regulated person.
Trigger
End of the firm’s financial year on its latest accounting reference date.
Filing channel
Form specified in SUP 16 Annex 42AR using the appropriate FCA online systems.

Impact

Consequences of non-compliance
Failure to comply with an FCA reporting rule can lead to supervisory/enforcement consequences. No single fixed fine is shown because the sanction depends on the facts and enforcement route.
Enforcement authority
Financial Conduct Authority (FCA)
Operational impact
The due date is entity-specific because it depends on the firm’s accounting reference date; the legal deadline rule is shown instead of a universal calendar date.
Event-driven obligations
1
Requirement Suspicious Activity Report (SAR)
Authority / Report toUK Financial Intelligence Unit (UKFIU) within the National Crime Agency
Deadline / triggerRegulated-sector reporters must submit as soon as practicable after the relevant knowledge or suspicion is formed.

Requirement

Subject scope
Individuals and organisations where a legal reporting obligation arises, including the regulated sector under POCA/TACT; detailed applicability depends on the statutory offence and role.
Trigger
Knowledge, suspicion or belief relating to money laundering and/or terrorist financing under the applicable reporting provisions.
Filing channel
SAR Portal.

Impact

Consequences of non-compliance
Where a legal duty exists, failure to report may result in criminal liability and/or regulatory action. Penalty quantum is provision-specific across POCA and TACT offences.
Enforcement authority
Criminal justice authorities and the relevant sector regulator/supervisor, depending on the breach.
Operational impact
Escalation procedures should distinguish internal suspicion review from the external statutory duty and avoid internal service levels that delay filing once the reporting threshold is met.
Ongoing obligations
1
Requirement Firm-wide ML/TF risk assessment
Authority / Report toRelevant AML supervisor on request / through supervision; this is primarily an internal governance obligation rather than a fixed-date filing
Deadline / triggerOngoing · take appropriate steps to identify and assess ML/TF risks and keep an up-to-date written record of the steps taken, subject to the Regulation 18 exception.

Requirement

Subject scope
A “relevant person” within the Money Laundering Regulations 2017, subject to the Regulations’ scope and exemptions.
Trigger
Ongoing regulated activity and changes affecting the firm’s ML/TF risk exposure.

Impact

Consequences of non-compliance
MLR breaches can attract supervisory, civil or criminal consequences depending on the provision and facts. No single penalty is attached to the generic risk-assessment row.
Enforcement authority
Relevant MLR supervisor (for example FCA, HMRC or another competent supervisor, depending on sector).
Operational impact
Treat the business-wide risk assessment as a living control with change-driven review, not a once-a-year document unless the entity’s own governance adds an annual cycle.

Authorities & FIU10

Authority / issuing bodyUK Government
Authority / issuing bodyUK Parliament
Jurisdiction updatesRegulatory updates

FATF Assessment

FATF Compliance & Effectiveness
Technical Compliance40 FATF Recommendations
Ratings updated 2022-06 · via FUR

Measures how fully the jurisdiction has implemented FATF’s technical requirements. It does not measure practical effectiveness.

C24Compliant

Requirements met.

LC15Largely compliant

Only minor shortcomings.

PC1Partially compliant

Moderate shortcomings.

NC0Non-compliant

Major shortcomings.

NA0Not applicable

The requirement does not apply because of structural, legal or institutional features of the jurisdiction.

Effectiveness11 Immediate Outcomes
Ratings from MER 2018-12

Measures whether the AML/CFT system achieves its intended results in practice. Follow-up reports do not normally replace these ratings.

HE4High effectiveness

The outcome is achieved to a very large extent; only minor improvements are needed.

SE4Substantial effectiveness

The outcome is achieved to a large extent; moderate improvements are needed.

ME3Moderate effectiveness

The outcome is achieved to some extent; major improvements are needed.

LE0Low effectiveness

The outcome is not achieved, or only to a negligible extent; fundamental improvements are needed.

Explore 40 FATF RecommendationsSee every Technical Compliance rating and what it means.
C · CompliantRequirements met.
LC · Largely compliantOnly minor shortcomings.
PC · Partially compliantModerate shortcomings.
NC · Non-compliantMajor shortcomings.
N/A · Not applicableThe requirement does not apply because of structural, legal or institutional features of the jurisdiction.
AML/CFT Policies and Coordination
R.1
Assessing Risks and Applying a Risk-Based Approach
LCLargely compliantOnly minor shortcomings.
R.2
National cooperation and coordination
CCompliantRequirements met.
Money Laundering and Confiscation
R.3
Money laundering offence
CCompliantRequirements met.
R.4
Confiscation and provisional measures
CCompliantRequirements met.
Terrorist Financing and Financing of Proliferation
R.5
Terrorist financing offence
CCompliantRequirements met.
R.6
Targeted financial sanctions related to terrorism & terrorist financing
LCLargely compliantOnly minor shortcomings.
R.7
Targeted financial sanctions related to proliferation
LCLargely compliantOnly minor shortcomings.
R.8
Non-profit organisations
CCompliantRequirements met.
Preventive Measures
R.9
Financial institution secrecy laws
CCompliantRequirements met.
R.10
Customer due diligence
LCLargely compliantOnly minor shortcomings.
R.11
Record keeping
CCompliantRequirements met.
R.12
Politically exposed persons
CCompliantRequirements met.
R.13
Correspondent banking
CCompliantRequirements met.
R.14
Money or value transfer services
CCompliantRequirements met.
R.15
New technologies
LCLargely compliantOnly minor shortcomings.
R.16
Wire transfers
CCompliantRequirements met.
R.17
Reliance on third parties
LCLargely compliantOnly minor shortcomings.
R.18
Internal controls and foreign branches and subsidiaries
LCLargely compliantOnly minor shortcomings.
R.19
Higher-risk countries
LCLargely compliantOnly minor shortcomings.
R.20
Reporting of suspicious transactions
CCompliantRequirements met.
R.21
Tipping-off and confidentiality
CCompliantRequirements met.
R.22
DNFBPs: Customer due diligence
LCLargely compliantOnly minor shortcomings.
R.23
DNFBPs: Other measures
LCLargely compliantOnly minor shortcomings.
Transparency and Beneficial Ownership of Legal Persons and Arrangements
R.24
Transparency and beneficial ownership of legal persons
LCLargely compliantOnly minor shortcomings.
R.25
Transparency and beneficial ownership of legal arrangements
CCompliantRequirements met.
Powers and Responsibilities of Competent Authorities and Other Institutional Measures
R.26
Regulation and supervision of financial institutions
CCompliantRequirements met.
R.27
Powers of supervisors
CCompliantRequirements met.
R.28
Regulation and supervision of DNFBPs
CCompliantRequirements met.
R.29
Financial intelligence units
PCPartially compliantModerate shortcomings.
R.30
Responsibilities of law enforcement and investigative authorities
CCompliantRequirements met.
R.31
Powers of law enforcement and investigative authorities
CCompliantRequirements met.
R.32
Cash couriers
LCLargely compliantOnly minor shortcomings.
R.33
Statistics
LCLargely compliantOnly minor shortcomings.
R.34
Guidance and feedback
CCompliantRequirements met.
R.35
Sanctions
CCompliantRequirements met.
International Cooperation
R.36
International instruments
CCompliantRequirements met.
R.37
Mutual legal assistance
LCLargely compliantOnly minor shortcomings.
R.38
Mutual legal assistance: freezing and confiscation
CCompliantRequirements met.
R.39
Extradition
CCompliantRequirements met.
R.40
Other forms of international cooperation
LCLargely compliantOnly minor shortcomings.
Explore 11 Immediate OutcomesSee how FATF rates whether the AML/CFT system works in practice.
HE · High effectivenessThe outcome is achieved to a very large extent; only minor improvements are needed.
SE · Substantial effectivenessThe outcome is achieved to a large extent; moderate improvements are needed.
ME · Moderate effectivenessThe outcome is achieved to some extent; major improvements are needed.
LE · Low effectivenessThe outcome is not achieved, or only to a negligible extent; fundamental improvements are needed.
IO1
Risk understanding & national coordination

Money laundering and terrorist financing risks are understood and, where appropriate, actions co-ordinated domestically to combat money laundering and the financing of terrorism and proliferation.

HEHigh effectivenessThe outcome is achieved to a very large extent; only minor improvements are needed.
IO2
International cooperation

International co-operation delivers appropriate information, financial intelligence, and evidence, and facilitates action against criminals and their assets.

SESubstantial effectivenessThe outcome is achieved to a large extent; moderate improvements are needed.
IO3
AML/CFT supervision

Supervisors appropriately supervise, monitor and regulate financial institutions, DNFBPs and VASPs for compliance with AML/CFT requirements commensurate with their risks.

MEModerate effectivenessThe outcome is achieved to some extent; major improvements are needed.
IO4
Preventive measures & suspicious reporting

Financial institutions, DNFBPs and VASPs adequately apply AML/CFT preventive measures commensurate with their risks, and report suspicious transactions.

MEModerate effectivenessThe outcome is achieved to some extent; major improvements are needed.
IO5
Beneficial ownership transparency

Legal persons and arrangements are prevented from misuse for money laundering or terrorist financing, and information on their beneficial ownership is available to competent authorities without impediments.

SESubstantial effectivenessThe outcome is achieved to a large extent; moderate improvements are needed.
IO6
Use of financial intelligence

Financial intelligence and all other relevant information are appropriately used by competent authorities for money laundering and terrorist financing investigations.

MEModerate effectivenessThe outcome is achieved to some extent; major improvements are needed.
IO7
Money laundering investigation & prosecution

Money laundering offences and activities are investigated and offenders are prosecuted and subject to effective, proportionate and dissuasive sanctions.

SESubstantial effectivenessThe outcome is achieved to a large extent; moderate improvements are needed.
IO8
Confiscation & asset recovery

Proceeds and instrumentalities of crime are confiscated.

SESubstantial effectivenessThe outcome is achieved to a large extent; moderate improvements are needed.
IO9
Terrorist financing investigation & prosecution

Terrorist financing offences and activities are investigated and persons who finance terrorism are prosecuted and subject to effective, proportionate and dissuasive sanctions.

HEHigh effectivenessThe outcome is achieved to a very large extent; only minor improvements are needed.
IO10
Terrorist financing prevention & NPO protection

Terrorists, terrorist organisations and terrorist financiers are prevented from raising, moving and using funds, and from abusing the NPO sector.

HEHigh effectivenessThe outcome is achieved to a very large extent; only minor improvements are needed.
IO11
Proliferation financing financial sanctions

Persons and entities involved in the proliferation of weapons of mass destruction are prevented from raising, moving and using funds, consistent with the relevant UNSCRs.

HEHigh effectivenessThe outcome is achieved to a very large extent; only minor improvements are needed.
Official FATF consolidated ratings · 2013 Methodology

Regulatory Timeline59

LOCAL changes 30
GLOBAL milestones 29
National history from08.07.1986
20266 events
16.09.2026
LOCALGuidanceFinancial Conduct Authority (FCA)
Cryptoasset firms: Registration under the MLRs ahead of the new FSMA regime

The FCA updated its cryptoasset registration guidance on 16 September 2026 when it published final perimeter guidance for the incoming FSMA cryptoasset regime, including how the future perimeter interacts with the current Money Laundering Regulations registration framework.

Effective not specifiedOpen update ↗
15.09.2026
LOCALStrategyUK Government
Anti-money laundering and asset recovery strategy: 2026 to 2029

The UK government published its Anti-money laundering and asset recovery strategy 2026 to 2029 on 15 September 2026. The strategy sets the direction for the UK AML and asset-recovery system over the next three years, including system priorities, partnership arrangements and investment.

Effective not specifiedOpen update ↗
28.05.2026
LOCALGuidanceBanking / Credit InstitutionsPayments / EMI / Money Transfer
FCA publishes sanctions systems and controls findings for supervised firms

The FCA published supervisory findings from its assessment of sanctions systems and controls across more than 150 firms, setting out good and poor practices and areas for improvement. The publication is particularly directed at MLROs, nominated officers and financial-crime compliance professionals.

Effective not specifiedOpen update ↗
18.03.2026
LOCALAmendmentBanking / Credit InstitutionsPayments / EMI / Money Transfer
Finance Act 2026 increases and restructures the UK Economic Crime (Anti-Money Laundering) Levy

Section 113 of the Finance Act 2026 revises the Economic Crime (Anti-Money Laundering) Levy by increasing the former medium-band amount to £10,200, creating a £500,000 band for UK revenue above £500 million and up to £1 billion, and increasing the highest band to £1 million. The amendments apply for the financial year beginning April 2026 and subsequent financial years.

Effective 2026-04Open update ↗
2026-01
LOCALStatus changeBanking / Credit Institutions
United Kingdom begins the 2026–2027 FATF-appointed MONEYVAL term

The 70th MONEYVAL Plenary in December 2025 identifies the United Kingdom and Italy as the upcoming FATF-appointed MONEYVAL delegations, while the current 2026 MONEYVAL composition lists both as serving delegations. Because the prior UK term is expressly January 2024–December 2025 and the statutory appointment period is two years, the successor term begins in January 2026.

Relationship state from 2026-01Open update ↗
20253 events
18.11.2025
LOCALNew ruleCompanies HouseTCSP / CSP / Company Formation
Companies House identity verification becomes a legal requirement with transition period

Mandatory identity verification began for specified directors and PSCs, with phased implementation under ECCTA.

Effective 18.11.2025Open update ↗
18.06.2025
GLOBALGlobal standardPayment transparencyFATFBanking / Credit InstitutionsPayments / EMI / Money Transfer
FATF updates Standards on Recommendation 16 on Payment Transparency

FATF revised Recommendation 16 to standardise payment information and strengthen fraud/error controls in cross-border payments.

CURRENT FATF RELATIONSHIPDirect FATF member · also MONEYVAL

Current relationship. Direct FATF membership and any listed regional assessment network participation are current profile relationships only. The GLOBAL milestone does not prove membership or domestic implementation on the event date; those remain LOCAL/STATUS evidence.

FATF Global Network ↗
Published 18.06.2025 · Future-effective global standard · Country implementation is separateOpen update ↗
25.02.2025
GLOBALGlobal standardRisk-based approach / financial inclusionFATF
FATF updates Standards and consults on guidance to better promote financial inclusion

FATF amended Recommendation 1 and related interpretive material to strengthen proportionality and simplified measures under the risk-based approach.

CURRENT FATF RELATIONSHIPDirect FATF member · also MONEYVAL

Current relationship. Direct FATF membership and any listed regional assessment network participation are current profile relationships only. The GLOBAL milestone does not prove membership or domestic implementation on the event date; those remain LOCAL/STATUS evidence.

FATF Global Network ↗
Global standard · 25.02.2025 · Country implementation/status is separateOpen update ↗
20242 events
2024-01
LOCALStatus changeBanking / Credit Institutions
United Kingdom’s FATF-appointed MONEYVAL term is renewed for 2024–2025

The 66th MONEYVAL Plenary records renewal of the United Kingdom’s FATF Presidency appointment for a two-year term from January 2024 through December 2025.

Relationship state from 2024-01Open update ↗
20235 events
27.10.2023
GLOBALGlobal standardAsset recoveryFATF
FATF strengthens global asset-recovery and confiscation standards

FATF revised Recommendations 4, 30, 31 and 38 and related interpretive material to make asset recovery a stronger operational priority, expand tools to trace and confiscate criminal property and improve domestic and international cooperation.

CURRENT FATF RELATIONSHIPDirect FATF member · also MONEYVAL

Current relationship. Direct FATF membership and any listed regional assessment network participation are current profile relationships only. The GLOBAL milestone does not prove membership or domestic implementation on the event date; those remain LOCAL/STATUS evidence.

FATF Global Network ↗
Global standard · 27.10.2023 · Country implementation/status is separateOpen update ↗
26.10.2023
LOCALNew ruleUK ParliamentTCSP / CSP / Company FormationReal Estate
Economic Crime and Corporate Transparency Act 2023 expands Companies House and economic-crime controls

ECCTA 2023 introduced major company-law transparency, identity-verification, registrar and economic-crime reforms.

Effective 26.10.2023Open update ↗
25.04.2023
LOCALStatus confirmationBanking / Credit Institutions
United Kingdom documented as a FATF-designated MONEYVAL participant

A 25 April 2023 MONEYVAL high-level meeting record identifies the United Kingdom as a FATF-designated member, while the current MONEYVAL composition continues to list the United Kingdom as one of two FATF-appointed delegations. The exact appointment start and any intervening term renewal are not established by the reviewed evidence.

FATF-appointed participation confirmed by 25.04.2023 · Appointment start not yet verifiedOpen update ↗
24.02.2023
GLOBALGlobal standardBeneficial ownershipFATF
FATF strengthens beneficial-ownership transparency for trusts and legal arrangements

At its February 2023 Plenary FATF revised Recommendation 25 and its Interpretive Note to strengthen transparency and beneficial-ownership requirements for trusts and similar legal arrangements, complementing the 2022 strengthening of Recommendation 24 for legal persons.

CURRENT FATF RELATIONSHIPDirect FATF member · also MONEYVAL

Current relationship. Direct FATF membership and any listed regional assessment network participation are current profile relationships only. The GLOBAL milestone does not prove membership or domestic implementation on the event date; those remain LOCAL/STATUS evidence.

FATF Global Network ↗
Global standard · 24.02.2023 · Country implementation/status is separateOpen update ↗
20223 events
15.03.2022
LOCALNew ruleUK ParliamentReal EstateTCSP / CSP / Company Formation
Economic Crime (Transparency and Enforcement) Act 2022 strengthens ownership transparency and economic-crime powers

The Act created the Register of Overseas Entities and strengthened sanctions and unexplained wealth order mechanisms.

Effective 15.03.2022Open update ↗
04.03.2022
GLOBALGlobal standardBeneficial ownershipFATF
FATF Recommendation 24 — beneficial ownership of legal persons

FATF strengthened Recommendation 24 on beneficial ownership transparency for legal persons.

CURRENT FATF RELATIONSHIPDirect FATF member · also MONEYVAL

Current relationship. Direct FATF membership and any listed regional assessment network participation are current profile relationships only. The GLOBAL milestone does not prove membership or domestic implementation on the event date; those remain LOCAL/STATUS evidence.

FATF Global Network ↗
Global standard · 04.03.2022 · Country implementation/status is separateOpen update ↗
20211 event
20203 events
23.10.2020
GLOBALGlobal standardPFFATF
FATF requires proliferation-financing risk assessment and mitigation

FATF amended Recommendations 1 and 2 and their Interpretive Notes so countries and covered private-sector entities must identify, assess and mitigate risks of breaches, non-implementation or evasion of proliferation-related targeted financial sanctions.

CURRENT FATF RELATIONSHIPDirect FATF member · also MONEYVAL

Current relationship. Direct FATF membership and any listed regional assessment network participation are current profile relationships only. The GLOBAL milestone does not prove membership or domestic implementation on the event date; those remain LOCAL/STATUS evidence.

FATF Global Network ↗
Global standard · 23.10.2020 · Country implementation/status is separateOpen update ↗
02.07.2020
GLOBALSupervisory standardSupervisory cooperation
Basel Committee strengthens cooperation between prudential and AML/CFT supervisors

The Basel Committee revised its ML/TF risk-management guidelines to add principles for information exchange and cooperation between prudential and AML/CFT supervisors in authorisation, ongoing supervision and enforcement.

COUNTRY APPLICABILITYNon-binding global benchmark

A Basel supervisory publication does not become domestic law merely because it is GLOBAL. National adoption, supervisory use or incorporation must be evidenced by a LOCAL milestone or source.

Basel Committee on Banking Supervision ↗
Global supervisory benchmark · 02.07.2020 · Domestic adoption is separateOpen update ↗
10.01.2020
LOCALNew ruleFinancial Conduct Authority (FCA)Crypto / VASP / CASP
FCA becomes AML/CTF supervisor for UK cryptoasset businesses in scope

UK cryptoasset businesses carrying on specified activities became subject to FCA registration and MLR AML/CTF supervision.

Effective 10.01.2020Open update ↗
20192 events
21.06.2019
GLOBALGlobal standardVirtual assets / Travel RuleFATF
FATF adopts the R.15 Interpretive Note and applies the Travel Rule framework to VASPs

FATF adopted detailed implementation requirements for virtual assets and VASPs in June 2019, including the application of wire-transfer information requirements commonly described as the Travel Rule. This operationalised the virtual-asset perimeter introduced through the 2018 Recommendation 15 revision.

CURRENT FATF RELATIONSHIPDirect FATF member · also MONEYVAL

Current relationship. Direct FATF membership and any listed regional assessment network participation are current profile relationships only. The GLOBAL milestone does not prove membership or domestic implementation on the event date; those remain LOCAL/STATUS evidence.

FATF Global Network ↗
Global standard · 21.06.2019 · Country implementation/status is separateOpen update ↗
20182 events
19.10.2018
GLOBALGlobal standardVirtual assets / VASPsFATF
FATF Recommendation 15 is revised for virtual assets and VASPs

In October 2018 FATF revised Recommendation 15 and added the definitions of virtual asset and virtual asset service provider, formally bringing virtual-asset activity into the global AML/CFT standards architecture. Detailed implementation requirements followed in 2019.

CURRENT FATF RELATIONSHIPDirect FATF member · also MONEYVAL

Current relationship. Direct FATF membership and any listed regional assessment network participation are current profile relationships only. The GLOBAL milestone does not prove membership or domestic implementation on the event date; those remain LOCAL/STATUS evidence.

FATF Global Network ↗
Global standard · 19.10.2018 · Country implementation/status is separateOpen update ↗
23.05.2018
LOCALNew ruleUK ParliamentBanking / Credit InstitutionsPayments / EMI / Money Transfer
Sanctions and Anti-Money Laundering Act 2018 creates the post-EU-exit domestic sanctions framework

SAMLA 2018 provides the domestic legislative basis for UK sanctions regulations and related enforcement powers.

Effective 23.05.2018Open update ↗
20172 events
22.06.2017
LOCALNew ruleHM Treasury / UK GovernmentBanking / Credit InstitutionsPayments / EMI / Money Transfer
Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017

The UK adopted the MLR 2017 framework implementing updated AML/CFT requirements.

Effective 26.06.2017Open update ↗
27.04.2017
LOCALNew ruleUK ParliamentBanking / Credit InstitutionsSecurities / Investment
Criminal Finances Act 2017 expands UK financial-crime powers

The Act strengthened unexplained wealth, information-sharing, forfeiture and other financial-crime tools around the POCA framework.

Effective 27.04.2017Open update ↗
20141 event
15.01.2014
GLOBALSupervisory standardBank supervision
Basel Committee integrates ML/TF risk into banks’ overall risk-management framework

The Basel Committee issued Sound management of risks related to money laundering and financing of terrorism, superseding its 2001 CDD and 2004 consolidated KYC papers and integrating ML/TF risk management with prudential supervisory expectations.

COUNTRY APPLICABILITYNon-binding global benchmark

A Basel supervisory publication does not become domestic law merely because it is GLOBAL. National adoption, supervisory use or incorporation must be evidenced by a LOCAL milestone or source.

Basel Committee on Banking Supervision ↗
Global supervisory benchmark · 15.01.2014 · Domestic adoption is separateOpen update ↗
20121 event
16.02.2012
GLOBALGlobal standardAML/CFT/CPF standardsFATF
International Standards on Combating Money Laundering and the Financing of Terrorism & Proliferation

FATF adopted a consolidated revised set of 40 Recommendations integrating AML, CFT and proliferation-financing safeguards.

CURRENT FATF RELATIONSHIPDirect FATF member · also MONEYVAL

Current relationship. Direct FATF membership and any listed regional assessment network participation are current profile relationships only. The GLOBAL milestone does not prove membership or domestic implementation on the event date; those remain LOCAL/STATUS evidence.

FATF Global Network ↗
Global standard · 16.02.2012 · Country implementation/status is separateOpen update ↗
20071 event
24.07.2007
LOCALNew ruleHM Treasury / UK GovernmentBanking / Credit InstitutionsPayments / EMI / Money Transfer
Money Laundering Regulations 2007

The UK replaced the 2003 Regulations with the 2007 risk-based AML framework.

Effective 15.12.2007Open update ↗
20062 events
23.12.2006
GLOBALUNSC · bindingPF / TFS
UN Security Council Resolution 1737 establishes Iran proliferation-related asset-freeze measures

Resolution 1737 imposed binding measures concerning Iran’s proliferation-sensitive nuclear activities, including an asset freeze on designated individuals and entities. Together with the DPRK regime, it forms a foundational UN counter-proliferation targeted-financial-sanctions architecture.

CURRENT CHARTER RELATIONSHIPUN Member State · Article 25 obligation

UN Members agree to accept and carry out Security Council decisions. This current Charter relationship is not proof of the jurisdiction’s domestic implementation, nor a claim about its membership status on the historical event date.

UN Charter · Article 25 ↗
Binding UNSC architecture · 23.12.2006 · National implementation is separateOpen update ↗
14.10.2006
GLOBALUNSC · bindingPF / TFS
UN Security Council Resolution 1718 establishes DPRK proliferation-related asset-freeze measures

Following the DPRK nuclear test, Resolution 1718 imposed binding sanctions including an asset freeze on designated persons and entities connected to the nuclear programme. It became a central UN targeted-financial-sanctions pillar for counter-proliferation financing.

CURRENT CHARTER RELATIONSHIPUN Member State · Article 25 obligation

UN Members agree to accept and carry out Security Council decisions. This current Charter relationship is not proof of the jurisdiction’s domestic implementation, nor a claim about its membership status on the historical event date.

UN Charter · Article 25 ↗
Binding UNSC architecture · 14.10.2006 · National implementation is separateOpen update ↗
20042 events
2004-10
GLOBALGlobal standardCFT / cash couriersFATF
FATF Ninth Special Recommendation

FATF added a ninth Special Recommendation addressing cash couriers and cross-border movement of currency.

CURRENT FATF RELATIONSHIPDirect FATF member · also MONEYVAL

Current relationship. Direct FATF membership and any listed regional assessment network participation are current profile relationships only. The GLOBAL milestone does not prove membership or domestic implementation on the event date; those remain LOCAL/STATUS evidence.

FATF Global Network ↗
Global standard · 2004-10 · Country implementation/status is separateOpen update ↗
28.04.2004
GLOBALUNSC · bindingPF / WMD controls
UN Security Council Resolution 1540 creates binding global WMD-proliferation control duties

Resolution 1540 requires all States to adopt and enforce laws and domestic controls to prevent non-State actors from acquiring or using weapons of mass destruction and related materials. It forms a binding global legal pillar of the proliferation-financing control environment later reflected in FATF CPF standards.

CURRENT CHARTER RELATIONSHIPUN Member State · Article 25 obligation

UN Members agree to accept and carry out Security Council decisions. This current Charter relationship is not proof of the jurisdiction’s domestic implementation, nor a claim about its membership status on the historical event date.

UN Charter · Article 25 ↗
Binding UNSC architecture · 28.04.2004 · National implementation is separateOpen update ↗
20033 events
28.11.2003
LOCALNew ruleHM Treasury / UK GovernmentBanking / Credit InstitutionsPayments / EMI / Money Transfer
Money Laundering Regulations 2003

The UK replaced the 1993 Regulations with a broader updated AML regime.

Effective 01.03.2004Open update ↗
31.10.2003
GLOBALTreatyML / asset recovery
UNCAC adds a universal anti-corruption, laundering and asset-recovery treaty layer

The UN General Assembly adopted the United Nations Convention against Corruption on 31 October 2003. UNCAC addresses prevention of money laundering, laundering of corruption proceeds, confiscation and a dedicated asset-recovery framework; the Convention entered into force globally on 14 December 2005.

CURRENT TREATY STATUSParty

Current UN depositary relationship to 2003 UN Convention against Corruption. This is not a claim that the jurisdiction was already a Party on the GLOBAL event date; the national accession/ratification date is a separate LOCAL/STATUS fact.

UN Treaty Collection ↗
Treaty adopted 31.10.2003 · Global entry into force 14.12.2005 · Country treaty status is separateOpen update ↗
2003-06
GLOBALGlobal standardAML/CFT standardsFATF
The FATF Recommendations — 2003 revision

FATF comprehensively revised its AML/CFT Recommendations, strengthening preventive measures and extending coverage.

CURRENT FATF RELATIONSHIPDirect FATF member · also MONEYVAL

Current relationship. Direct FATF membership and any listed regional assessment network participation are current profile relationships only. The GLOBAL milestone does not prove membership or domestic implementation on the event date; those remain LOCAL/STATUS evidence.

FATF Global Network ↗
Global standard · 2003-06 · Country implementation/status is separateOpen update ↗
20021 event
2002
LOCALNew ruleUK ParliamentBanking / Credit InstitutionsPayments / EMI / Money Transfer
Proceeds of Crime Act 2002 consolidates core money-laundering offences, confiscation and SAR architecture

POCA 2002 is a central criminal and reporting foundation, including money-laundering offences, confiscation and suspicious-activity reporting provisions.

Effective 2002Open update ↗
20013 events
04.10.2001
GLOBALSupervisory standardCDD / KYC
Basel Committee establishes a global customer-due-diligence benchmark for banks

The Basel Committee issued Customer due diligence for banks, setting minimum supervisory expectations for customer acceptance, identification, ongoing monitoring and risk management. It became an influential global banking KYC/CDD benchmark and was later reflected in FATF standards.

COUNTRY APPLICABILITYNon-binding global benchmark

A Basel supervisory publication does not become domestic law merely because it is GLOBAL. National adoption, supervisory use or incorporation must be evidenced by a LOCAL milestone or source.

Basel Committee on Banking Supervision ↗
Global supervisory benchmark · 04.10.2001 · Domestic adoption is separateOpen update ↗
2001-10
GLOBALGlobal standardCFTFATF
FATF Special Recommendations on Terrorist Financing

FATF expanded its standards to terrorist financing through eight Special Recommendations.

CURRENT FATF RELATIONSHIPDirect FATF member · also MONEYVAL

Current relationship. Direct FATF membership and any listed regional assessment network participation are current profile relationships only. The GLOBAL milestone does not prove membership or domestic implementation on the event date; those remain LOCAL/STATUS evidence.

FATF Global Network ↗
Global standard · 2001-10 · Country implementation/status is separateOpen update ↗
28.09.2001
GLOBALUNSC · bindingCFT / TFS
UN Security Council Resolution 1373 imposes binding CFT and freezing duties on all States

Resolution 1373 requires all States to prevent and suppress terrorist financing, criminalise the provision or collection of funds for terrorist acts, freeze terrorist assets without delay and prohibit making funds or financial services available to terrorists and related entities.

CURRENT CHARTER RELATIONSHIPUN Member State · Article 25 obligation

UN Members agree to accept and carry out Security Council decisions. This current Charter relationship is not proof of the jurisdiction’s domestic implementation, nor a claim about its membership status on the historical event date.

UN Charter · Article 25 ↗
Binding UNSC architecture · 28.09.2001 · National implementation is separateOpen update ↗
20002 events
15.11.2000
GLOBALTreatyML / organised crime
Palermo Convention broadens the international money-laundering framework beyond drug trafficking

The Palermo Convention was adopted on 15 November 2000 and broadened the international money-laundering framework beyond drug proceeds through criminalisation and preventive measures tied to transnational organised crime. It entered into force globally on 29 September 2003.

CURRENT TREATY STATUSParty

Current UN depositary relationship to 2000 Palermo Convention. This is not a claim that the jurisdiction was already a Party on the GLOBAL event date; the national accession/ratification date is a separate LOCAL/STATUS fact.

UN Treaty Collection ↗
Treaty adopted 15.11.2000 · Global entry into force 29.09.2003 · Country treaty status is separateOpen update ↗
2000
LOCALNew ruleUK ParliamentBanking / Credit InstitutionsPayments / EMI / Money Transfer
Terrorism Act 2000 establishes core UK terrorist-financing offences and powers

The Terrorism Act 2000 forms a core criminal-law layer for terrorist-financing offences and related asset controls.

Effective 2000Open update ↗
19992 events
09.12.1999
GLOBALTreatyCFT
UN Terrorist Financing Convention establishes a treaty-level CFT framework

The UN General Assembly adopted the International Convention for the Suppression of the Financing of Terrorism on 9 December 1999, creating the treaty framework for criminalising terrorist financing and international cooperation. It entered into force globally on 10 April 2002.

CURRENT TREATY STATUSParty

Current UN depositary relationship to 1999 Terrorist Financing Convention. This is not a claim that the jurisdiction was already a Party on the GLOBAL event date; the national accession/ratification date is a separate LOCAL/STATUS fact.

UN Treaty Collection ↗
Treaty adopted 09.12.1999 · Global entry into force 10.04.2002 · Country treaty status is separateOpen update ↗
15.10.1999
GLOBALUNSC · bindingTFS
UN Security Council Resolution 1267 establishes a targeted asset-freeze regime

Resolution 1267 imposed an assets freeze and other targeted sanctions in the Taliban context and created the Security Council committee that became the foundation of the UN 1267 sanctions architecture. It is a key global precursor to modern terrorist-financing targeted financial sanctions.

CURRENT CHARTER RELATIONSHIPUN Member State · Article 25 obligation

UN Members agree to accept and carry out Security Council decisions. This current Charter relationship is not proof of the jurisdiction’s domestic implementation, nor a claim about its membership status on the historical event date.

UN Charter · Article 25 ↗
Binding UNSC architecture · 15.10.1999 · National implementation is separateOpen update ↗
19961 event
1996
GLOBALGlobal standardAML standardsFATF
The FATF Recommendations — 1996 revision

FATF revised the Forty Recommendations to reflect evolving money-laundering methods and countermeasures.

CURRENT FATF RELATIONSHIPDirect FATF member · also MONEYVAL

Current relationship. Direct FATF membership and any listed regional assessment network participation are current profile relationships only. The GLOBAL milestone does not prove membership or domestic implementation on the event date; those remain LOCAL/STATUS evidence.

FATF Global Network ↗
Global standard · 1996 · Country implementation/status is separateOpen update ↗
19952 events
09.06.1995
GLOBALFIU cooperationFIU cooperation
Egmont Group creates the global FIU cooperation network

Representatives of 13 financial intelligence units met in Brussels on 9 June 1995 and founded what became the Egmont Group. The milestone created the operational global network for FIU-to-FIU cooperation and exchange of financial intelligence.

CURRENT EGMONT RELATIONSHIPMember FIU · UKFIU

Current profile relationship to the Egmont network. This does not imply membership in 1995; admission history is a separate LOCAL/STATUS fact.

Egmont Group · Member FIUs ↗
Global FIU cooperation infrastructure · 09.06.1995 · FIU membership is separateOpen update ↗
09.06.1995
LOCALStatus changeBanking / Credit Institutions
United Kingdom FIU becomes a founding member of the Egmont Group

Historical FinCEN/GAO membership evidence identifies United Kingdom among the 14 first Egmont Group members; Egmont's official history dates the founding meeting to 9 June 1995.

Relationship state from 09.06.1995Open update ↗
19932 events
29.07.1993
LOCALNew ruleHM Treasury / UK GovernmentBanking / Credit InstitutionsPayments / EMI / Money Transfer
Money Laundering Regulations 1993

The UK introduced a dedicated statutory money-laundering prevention regime for relevant financial business.

Effective 01.04.1994Open update ↗
27.07.1993
LOCALNew ruleUK Parliament
Criminal Justice Act 1993 expands laundering offences beyond drug proceeds

Part III of the Criminal Justice Act 1993 extended the proceeds/laundering framework to criminal conduct generally and added related disclosure/tipping-off provisions. It materially broadened the criminal-law foundation immediately before the Money Laundering Regulations took effect in 1994.

Effective 27.07.1993Open update ↗
19902 events
1990
GLOBALGlobal standardAML standardsFATF
The Forty Recommendations of the Financial Action Task Force on Money Laundering

FATF issued its original Forty Recommendations, establishing the first global AML standard framework.

CURRENT FATF RELATIONSHIPDirect FATF member · also MONEYVAL

Current relationship. Direct FATF membership and any listed regional assessment network participation are current profile relationships only. The GLOBAL milestone does not prove membership or domestic implementation on the event date; those remain LOCAL/STATUS evidence.

FATF Global Network ↗
Global standard · 1990 · Country implementation/status is separateOpen update ↗
19892 events
1989
GLOBALGlobal institutionGlobal standard-settingFATF
Financial Action Task Force is established by the G7

The G7 established FATF in 1989 to examine and develop measures to combat money laundering. FATF became the central global standard-setting body whose recommendations are implemented through national and regional AML/CFT frameworks.

CURRENT FATF RELATIONSHIPDirect FATF member · also MONEYVAL

Current relationship. Direct FATF membership and any listed regional assessment network participation are current profile relationships only. The GLOBAL milestone does not prove membership or domestic implementation on the event date; those remain LOCAL/STATUS evidence.

FATF Global Network ↗
Global institutional milestone · 1989 · Country membership is separateOpen update ↗
1989
LOCALNew ruleFATF
United Kingdom participates in the 1989 establishment of FATF

The United Kingdom was among the original jurisdictions in the FATF framework established in 1989, preceding the first FATF Forty Recommendations and the UK’s 1990s expansion of laundering offences and preventive regulation.

Effective 1989Open update ↗
19882 events
20.12.1988
GLOBALTreatyML criminalisation
Vienna Convention creates the first treaty-level international money-laundering criminalisation baseline

The Vienna Convention was adopted on 20 December 1988 and created the first treaty-level international obligation to criminalise laundering conduct linked to drug-trafficking proceeds, alongside confiscation and international-cooperation measures. It entered into force globally on 11 November 1990.

CURRENT TREATY STATUSParty

Current UN depositary relationship to 1988 Vienna Convention. This is not a claim that the jurisdiction was already a Party on the GLOBAL event date; the national accession/ratification date is a separate LOCAL/STATUS fact.

UN Treaty Collection ↗
Treaty adopted 20.12.1988 · Global entry into force 11.11.1990 · Country treaty status is separateOpen update ↗
1988-12
GLOBALSupervisory standardBank AML / KYC
Basel Committee issues principles to prevent criminal use of banks for money laundering

The Basel Committee published a Statement of Principles for banks aimed at reducing the risk that banking institutions would be used by criminals or as channels for money laundering. This helped establish the preventive and supervisory side of AML alongside the emerging criminal-law framework.

COUNTRY APPLICABILITYNon-binding global benchmark

A Basel supervisory publication does not become domestic law merely because it is GLOBAL. National adoption, supervisory use or incorporation must be evidenced by a LOCAL milestone or source.

Basel Committee on Banking Supervision ↗
Global supervisory benchmark · 1988-12 · Domestic adoption is separateOpen update ↗
19861 event
08.07.1986
LOCALNew ruleUK Parliament
Drug Trafficking Offences Act 1986 establishes an early UK proceeds/laundering framework

The Drug Trafficking Offences Act 1986 created a statutory proceeds-recovery and drug-money-laundering framework. It is a material predecessor to the later all-crime laundering offences and the 1990s preventive reporting regime.

Effective 08.07.1986Open update ↗

Sources & Verification26

UK Financial Sanctions General GuidanceOffice of Financial Sanctions Implementation (OFSI) · GUIDANCEMoney Laundering and Terrorist Financing (Amendment) Regulations 2026 (SI 2026/621)UK Legislation · LAW / REGULATIONNational Risk Assessment of Money Laundering and Terrorist Financing 2025HM Treasury · ASSESSMENT / PROFILEECCTA information-sharing measures for AML-regulated firmsUK Government · GUIDANCEEconomic Crime and Corporate Transparency Act 2023UK Legislation · LAW / REGULATIONMoney Laundering and Terrorist Financing (Amendment) Regulations 2022UK Legislation · LAW / REGULATIONEconomic Crime (Transparency and Enforcement) Act 2022UK Legislation · LAW / REGULATIONUnited Kingdom — Follow-Up Report 2022Financial Action Task Force (FATF) · ASSESSMENT / PROFILEHistory of the FATFFinancial Action Task Force (FATF) · INSTITUTIONAL / REFERENCEDrug Trafficking Offences Act 1986UK Legislation · LAW / REGULATIONCriminal Justice Act 1993 — Part IIIUK Legislation · LAW / REGULATIONSuspicious Activity Reports — UKFIUUK Financial Intelligence Unit (UKFIU) · INSTITUTIONAL / REFERENCEEgmont Group Member FIU InformationEgmont Group of Financial Intelligence Units · INSTITUTIONAL / REFERENCECryptoasset firms: Registration under the MLRs ahead of the new FSMA regimeFinancial Conduct Authority (FCA) · GUIDANCEAnti-money laundering and asset recovery strategy: 2026 to 2029UK Government · REPORT / PUBLICATIONFATF RecommendationsFinancial Action Task Force (FATF) · OFFICIAL SOURCEFATF Countries & Global NetworkFinancial Action Task Force (FATF) · OFFICIAL SOURCECommittee of Experts on the Evaluation of Anti-Money Laundering MeasuresFinancial Action Task Force (FATF) · OFFICIAL SOURCEFATF consolidated assessment ratingsTechnical Compliance & Effectiveness · 2013 MethodologyMutual Evaluation Report · 2018-12Official FATF / regional assessmentFollow-Up Report · 2022-06Official follow-up / technical rating updateFCA Handbook · SUP 16.23 Annual Financial Crime ReportFinancial Conduct Authority (FCA) · REPORT / PUBLICATIONNCA · Suspicious Activity ReportsUK Financial Intelligence Unit (UKFIU) · INSTITUTIONAL / REFERENCEProceeds of Crime Act 2002 — Part 7 (Money Laundering)UK Legislation · LAW / REGULATIONTerrorism Act 2000UK Legislation · LAW / REGULATIONMoney Laundering Regulations 2017 · regulation 18UK Legislation · LAW / REGULATION