HMT consults on draft 2025 ML/TF Regulations, proposing enhanced CDD, revised pooled a/c, trust rules, and cryptoasset oversight, with feedback by 30 Sept 25

The draft regulations clarify requirements for pooled client accounts, trust registration, and customer due diligence, aiming to make compliance more practical for firms while maintaining robust protections against financial crime. Stakeholders are invited to provide feedback by 30 September 2025 to ensure the final instrument effectively addresses operational challenges and evolving AML/CTF risks…