Have a question?
033 3772 0409

Crime Solicitors

New checks target money laundering which supports terrorism (28 June 2017)

Date: 28/06/2017
Duncan Lewis, Crime Solicitors, New checks target money laundering which supports terrorism

New rules which came into force on Monday mean that terrorists and criminals will find it harder to move money through the UK financial system, says the government.

Businesses such as banks, estate agents, accountants and payment firms will now have to carry out stringent and targeted checks to make sure that money changing hands is from a legitimate source and will not be used to fund terror acts.

Serious and organised crime costs Britain at least £24 billion every year – and the government says that recent terrorist attacks demonstrate the importance of a strong toolkit to prevent terrorist atrocities.

The new rules will improve the quality of the checks and ensure that businesses can spot suspicious activity and report it, enabling the police to act swiftly and decisively to prevent corruption or terrorist attacks.

The Economic Secretary to the Treasury, Stephen Barclay, said:

“We are cracking down on terrorists and criminals funnelling money through our financial system.

“Terrorist financing and money laundering are significant threat to our national security – and we are determined to make the UK a hostile environment for illicit finance.

“These new rules will tighten our defences, protect the integrity of our financial system – and help protect the British public from terror attacks and criminal activities.”


The government says the partnership between the banking sector and law enforcement is vital in limiting abuse of the financial system by terrorists and criminals – in the recent terrorist attacks in the UK, major UK banks provided 24-hour support for an extended period to provide critical financial intelligence to support law enforcement partners.

The regulations implement the EU 4th Money Laundering Directive and complement work across government to strengthen UK defences and deliver on the 2016 Action Plan for anti-money laundering and counter-terrorist finance.

This includes the Criminal Finances Act, which will give law enforcement further capabilities and powers to recover the proceeds of crime, tackle money laundering, tax evasion and corruption – and combat the financing of terrorism.

Duncan Lewis Crime Solicitors

Duncan Lewis Crime Solicitors can advise at any stage of a charge involving terrorism allegations, including preparing or carrying out acts of terrorism, encouraging others to prepare for or carry out acts of terrorism, carrying out acts of terrorism, belonging to a proscribed organisation, fundraising for terrorism, or conspiracy to commit terrorism.

There are Duncan Lewis offices across England and Wales – and a Duncan Lewis criminal defence solicitor can attend interviews under caution within an hour.

For expert legal advice on terrorism charges, call Duncan Lewis terrorism solicitors on 0333 772 0409.

For 24/7 help at a police station, call the Duncan Lewis Solicitors 24-Hour Emergency Helpline on 0333 772 0607.


For all Crime related matter contact us now.Contact Us

Call us now on 033 3772 0409 or click here to send online enquiry.
Duncan Lewis is the trading name of Duncan Lewis (Solicitors) Limited. Registered Office is 143-149 Fenchurch St, London, EC3M 6BL. Company Reg. No. 3718422. VAT Reg. No. 718729013. A list of the company's Directors is displayed at the registered offices address. Authorised and Regulated by the Solicitors Regulation Authority . Offices all across London and in major cities in the UK. ©Duncan Lewis >>Legal Disclaimer, Copyright & Privacy Policy. Duncan Lewis do not accept service by email.