The Office of Fair Trading (OFT) has published guidance updating the Anti-Money Laundering (AML) principles, which supplement the Money Laundering Regulations 2007.

The principles, which were originally published in 2011, support the OFT’s supervisory functions under the Regulations, and are used by the OFT to determine its approach to non-compliance with the Regulations.

Copies of the guidance containing the updated principles http://www.oft.gov.uk/shared_oft/business_leaflets/general/oft1094.pdf and a link to the webpage http://www.oft.gov.uk/OFTwork/aml/money-laundering/ are available.