Money Laundering Research Related to Money Laundering Regulation in the United Kingdom

Prevention of Money Laundering/Combating the Financing of Terrorism: Guidance for the U.K. Financial Sector (Part II: Sectoral Guidance)

The Joint Money Laundering Steering Group
January 2006

Anti-Money Laundering Strategy

As one of the world’s most successful financial centres, the UK is an international leader in effective money laundering controls. The present arrangements against money laundering have considerable strengths. They provide a clear structure of high level controls which comply with international standards and European obligations.

HM Treasury
October 2004

Anti-Money Laundering Guidance for Auctioneers Proposing to Sell Real Estate at Auction in England and Wales

The law in relation to combating money laundering is set out in the RICS publication .Protecting against money laundering: A guide for members.. The Regulations require .relevant businesses. to put certain anti-money laundering procedures in place. The Regulations widen the definition of .relevant business. to include estate agency work so that real estate auctioneers must put these anti-money laundering procedures into place. Failure to do so is a criminal offence that carries a penalty of a maximum of two years. imprisonment or a fine or both.

RICS Professional Regulation and Consumer Protection
July 2004