Treasury makes Brexit financial crime laws

Treasury has made:

• the Sanctions Regulations (EU Exit) (Commencement) Regulations 2020: these bring into force the sanctions regulations made under SAMLA to set up thematic or country based regimes; and
• the second commencement instrument for SAMLA: this brings into force the powers needed to make regulations relating to the detection, investigation and prevention of money laundering and terrorist financing, powers relating to beneficial ownership registers in British overseas territories and the repeal of TAFA.