The article analyzes HM Treasury's (HMT) recently published draft statutory instrument (SI), The Money Laundering and Terrorist Financing (Amendment and Miscellaneous Provision) Regulations 2025, alongside a policy note (Policy Note), for technical consultation.
This follows HMT's March 2024 consultation on improving the effectiveness of the UK Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs), with the UK government's response published in July 2025.
The draft SI proposes targeted amendments to the MLRs and related legislation to address concerns identified in the March 2024 consultation.
The draft SI proposes changing the registration and change in control thresholds for cryptoasset businesses to align with the thresholds in the Financial Services and Markets Act 2000 (FSMA).
"HM Treasury Consultation on Changes to UK Money Laundering Regulations," Grip., September 19, 2025
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See Katten's Quick Reads post on this topic, "HM Treasury Consultation on Changes to UK Money Laundering Regulations."
