UK Statutory Instrument
2022
United Kingdom
The Money Laundering and Terrorist Financing (Amendment) (No. 2) Regulations 2022
At a glance
Enforced by
What's here
2 compliance obligations
Penalty landscape
1 of 2 obligations carry up to 2 years imprisonment. 1 has no criminal penalty — flagged in the list below.
Who this Act binds
Business-side actors with duties under this Act, ranked by how often they appear.
- Responsible Person 1
- Any Person 1
Other Acts binding the same actors
For each actor bound by this Act, the other UK Acts that bind them most often. Useful for understanding the full compliance landscape facing each role.
Responsible Persons also bound by 104 other Acts (top 5 shown)
- MH(CT)(S)A 2003 2003 45 duties
- Climate Change Levy (General) Regulations 2001 2001 24 duties
- The Offshore Installations (Prevention of Fire and Explosion, and Emergency Response) Regulations 1995 1995 21 duties
- Offshore Installations (Offshore Safety Directive) (Safety Case ) Regulations 2015 2015 21 duties
- The Offshore Installations (Safety Case) Regulations 2005 2005 19 duties
Any Person also bound by 2338 other Acts (top 5 shown)
- Human Medicines Regulations 2012 2012 169 duties
- Merchant Shipping Act 1995 1995 144 duties
- Insolvency (England and Wales) Rules 2016 2016 101 duties
- Road Traffic Act 1988 1988 95 duties
- Air Navigation Order 2016 2016 95 duties
What this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Part 1 — General
Browse 1 other section in this Part — procedural / definitional / commencement
Part 2 — Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017
Proliferation financing
- Assess and mitigate risks of proliferation financing Responsible Person
Changes in control of registered cryptoasset businesses
2 years imprisonment- Fail to comply with change‑of‑control notification for a registered cryptoasset business Any Person
Browse 12 other sections in this Part — procedural / definitional / commencement
Amendment of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017
Removal of outdated references to the Terrorist Asset-Freezing etc. Act 2010
Formation of limited partnerships
Cryptoasset transfers
Art market participants
Exceptions
Reporting of material discrepancies to the registrar of companies
Repeal of Part 5A: Requests for information about accounts and safe-deposit boxes
Information sharing and confidentiality
Suspicious activity reports
Modifications to regulations 74A to 74C: reporting requirements etc. for Annex 1 financial institutions
Amendment of Schedule 2: account information service providers
Part 3 — Amendments of primary legislation
Browse 2 other sections in this Part — procedural / definitional / commencement
Official guidance
Authoritative sources published by regulators or government explaining this legislation.
- Change in Control | FCA (opens in a new tab) from FCA Detailed Guidance
Enforcement and responsible bodies
The regulators that administer or enforce this legislation.
Financial Conduct Authority
Regulation of financial services firms and markets. Supervises banks, insurers, investment firms, payment services, and cryptoasset businesses. Issues authorisations and enforces conduct …
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Browse legislation
Find other UK business legislation with related guidance.
Regulators
Learn more about the bodies that enforce this legislation.