The UK Money Laundering Regulations 2017 (MLR 2017) are the principal UK regulations transposing anti-money-laundering and counter-terrorist-financing requirements onto regulated firms, including financial institutions and crypto-asset businesses. They mandate customer due diligence, risk assessment, record-keeping, and reporting obligations, and bring virtual-asset service providers under supervision by the FCA.
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- MLR 2017 requires firms to apply risk-based customer due diligence, enhanced checks for higher-risk relationships, ongoing monitoring, and suspicious-activity reporting. Their amendment to register and supervise crypto-asset exchange and custodian-wallet providers under the FCA marked a significant extension of AML supervision into digital assets.