Revise and finalise: UK Money Laundering Regulations and FCA PEP guidance

July 2025 saw various UK anti-money laundering updates, reflecting the Government's stated commitment to ensure that compliance obligations are effective yet not unnecessarily onerous. Recent revisions focus on making customer due diligence and enhanced due diligence requirements more practical and proportionate. Eve Ellis, Dorota Maj and Imogen Galilee of Ropes & Gray provide an overview of two sets of changes and their implications.

Eve Ellis (+44 (0)20 3201 1530, Eve.Ellis@ropesgray.com) is a partner, Dorota Maj (+44 (0)20 3201 1631, Dorota.Maj@ropesgray.com) is counsel, and Imogen Galilee (+44 (0)20 3847 9418, Imogen.Galilee@ropesgray.com) a trainee solicitor with Ropes & Gray.

July 2025 saw various UK anti-money laundering updates, reflecting the Government's stated commitment to ensure that compliance obligations are effective yet not unnecessarily onerous. Recent revisions focus on making customer due diligence and enhanced due diligence requirements more practical and proportionate. Eve Ellis, Dorota Maj and Imogen Galilee of Ropes & Gray provide an overview of two sets of changes and their implications.