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Statutory Instruments

2007 No. 3299

FINANCIAL SERVICES

The Money Laundering (Amendment) Regulations 2007

Made

22nd November 2007

Laid before Parliament

23rd November 2007

Coming into force

15th December 2007

The Treasury are a government department designated( 1 ) for the purposes of section 2(2) of the European Communities Act 1972( 2 ) in relation to measures relating to prevention of money laundering and terrorist financing;

The Treasury, in exercise of the powers conferred on them by section 2(2) of the European Communities Act 1972, make the following Regulations:

Citation and commencement I1

1. These Regulations may be cited as the Money Laundering (Amendment) Regulations 2007 and come into force on 15th December 2007.

Amendments to the Money Laundering Regulations 2007I2

2.The Money Laundering Regulations 2007( 3 ) are amended as follows—

(a) in regulation 10(1)(b)(ii), after “2,000” insert “euro”;

(b) in regulation 37(11), after “communications” insert—

(i) between a professional legal adviser and his client; or

(ii) made in connection with or in contemplation of legal proceedings and for the purposes of those proceedings ;

(c) in regulation 39—

(i) in paragraph (7), after “information” insert “on oath”; and

(ii) in paragraph (9), for “(1) and (5)” substitute “(1), (5) and (7)”;

(d) in regulation 40(4)(b), after “sheriff” insert “court”;

(e) in regulation 42(4), for “alleged offender” substitute “person”;

(f) in regulation 46, after paragraph (8) insert—

(9) In its application to the Commissioners acting in Scotland, paragraph (7)(b) shall be read as referring to the Commissioners determining whether to refer the matter to the Crown Office and Procurator Fiscal Service with a view to the Procurator Fiscal determining whether a person should be prosecuted for such an offence. ;

(g) after paragraph 21 of Schedule 3 insert—

22. International Association of Book-keepers .

Signatory text

Frank Roy

Claire Ward

Two of the Lords Commissioners of Her Majesty’s Treasury

22nd November 2007

( 2 )

1972 c. 68 ; section 2(2) was amended by section 27 of the Legislative and Regulatory Reform Act 2006 (c.51) . By virtue of the amendment of section 1(2) made by section 1 of the European Economic Area Act 1993 (c.51) regulations may be made under section 2(2) to implement obligations of the United Kingdom created by or arising under the Agreement on the European Economic Area signed at Oporto on 2 nd May 1992 (Cm 2073, OJ No L 1, 3.11.1994, p. 3) and the Protocol adjusting that Agreement signed at Brussels on 17 th March 1993 (Cm 2183, OJ No L 1, 3.1.1994, p.572). For the decision of the EEA Joint Committee in relation to Directive 2005/60/EC , see Decision No 87/2006 of 7th July 2006 amending Annex IX (Financial Services) to the EEA Agreement (OJ No L 289 19.10.2006, p. 23).

Status: There are outstanding changes not yet made by the editorial team to The Money Laundering (Amendment) Regulations 2007. Any changes that have already been made by the team appear in the content and are referenced with annotations.
The Money Laundering (Amendment) Regulations 2007 (2007/3299)

Displaying information

Status of this instrument

footnotecommentarytransitional and savingsin force statusrelated provisionsgeo extentinsert/omitsource countin force adj
I1Reg. 1 in force at 15.12.2007, see reg. 1
I2Reg. 2 in force at 15.12.2007, see reg. 1
Defined TermSection/ArticleIDScope of Application
This instrument is derived from the version at www.legislation.gov.uk. To see a list of all amendments (including any to be made) check the resources page for this instrument on their website. Note, the status of this instrument is given above.
This instrument is derived from the version at www.legislation.gov.uk. To see original commencement information, check the resources page associated with this instrument. n.b. commencement information for marked amendments is embedded in the relevant footnote.

Status of changes to instrument text

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