Money Laundering Control in the Financial Regulation Context

Readers of this journal may find it useful to have a short note about the implications for control over money laundering of the government's proposals in the Financial Services and Markets Bill. This Bill was introduced into the House of Commons in June 1999, and is presently going through the Standing Committee stage in that House. At the time of writing this note, the only provisions relevant to money laundering that have been considered and approved by the Standing Committee are those relating to the so‐called financial crime objective.