ÒÁÈËÖ±²¥

The Ìý(SAMLA 2018) makes provision for enabling economic and other sanctions to be imposed, as well as anti-money laundering measures.ÌýÌý

Following the UK’s exit from the European Union (EU), SAMLA 2018 provided primary legislation in place of EU legal instruments, including ÒÁÈËÖ±²¥ Laundering Directives.Ìý SAMLA 2018 is now the primary legislation underpinning theÌýÒÁÈËÖ±²¥ Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR2017)Ìý- a UK statutory instrument – secondary legislation that cannot stand alone.Ìý

ÌýÌýof SAMLA 2018 on anti-money laundering,makes provision for the purposes of the detection, investigation and prevention of money laundering and terrorist financing.ÌýThis is the part that is of most relevance for MLR 2017 purposes.Ìý