The UK's amended Money Laundering and Terrorist Financing (Amendment) Regulations 2026 take effect on 30 June, introduced through Statutory Instrument 2026/621.
New UK Money Laundering Rules Take Effect on 30 June ↗
What happened
- The amendments limit the EDD obligation for complex transactions to arrangements deemed 'unusually complex'.
- Automatic EDD for counterparties is now triggered only where based in a FATF Call for Action country, currently North Korea, Iran, and Myanmar.
- Trust Registration Service requirements are extended to non-UK trusts holding UK land or property acquired before 6 October 2020.
- Shufti states its AML screening platform screens against 3,500-plus global watchlists and 215-plus sanctions regimes in real time.
Why it matters to Signicat
- The article is regulatory positioning for Shufti's AML screening, relevant to Signicat's Risk and AML screening line, but it names no Signicat comparison.
Evidence from the source (5 quotes)
- “The amended rules limit that obligation to arrangements deemed “unusually complex,”” source ↗
- “Under the new regulations, automatic EDD is now triggered only where a counterparty is based in a country on FATF’s Call for Action list, currently North Korea, Iran, and Myanmar.” source ↗
- “Separate amendments extend Trust Registration Service requirements to non-UK trusts holding UK land or property acquired before 6 October 2020” source ↗
- “Shufti’s AML screening platform screens against 3,500-plus global watchlists and 215-plus sanctions regimes in real time, with continuous monitoring across the customer lifecycle” source ↗
- “giving compliance teams the data foundation to direct enhanced checks precisely where the regulations now require them.” source ↗
AML KYB screeningRegulatory commentaryThought leadershipUK IE
5 of 5 facts verified against the source · confidence high · claude-haiku-5-5