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Money Laundering: EU Law

Question for Treasury

UIN HL9582, tabled on 17 July 2018

To ask Her Majesty's Government whether the UK will continue to apply the terms of the 5th EU Anti-Money Laundering Directive in the event of the UK leaving the EU.

Answered on

31 July 2018

The Fifth Anti-Money Laundering Directive (5AMLD) entered into force in July of this year, with a transposition deadline of January 2020. This falls during the Implementation Period, and so the UK will transpose this Directive.

The Government will consult on the transposition of 5AMLD in due course.

Answered by

Treasury