Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

ACT definition

What does ACT mean? In corporate and banking practice, ACT usually refers to the Association of Corporate Treasurers, the UK-based professional body for corporate treasury professionals, rather than a statutory “Act”. It is not defined in legislation or case law; the acronym is market terminology used in transaction documents and governance materials. The Association of Corporate Treasurers promotes professional standards in liquidity management, funding, cash and risk management, foreign exchange and derivatives. It publishes guidance and a code of ethics and awards recognised qualifications (including AMCT and FCT). In legal contexts, references to “ACT-qualified” personnel or to ACT good practice may appear in treasury policies,...

UK AML/CTF post-Brexit: WTR2 onshored, MLR amendments (trusts, CDD/EDD), FCA Handbook changes, SAMLA 2018 and EU in-flight measures—practitioner guide

Published by a LexisNexis Financial Services expert

Practice notes

ARCHIVED: This PrACTice Note has been archived and is not maintained.

This Brexit quick guide examines measures made under the European Union (Withdrawal) Act 2018 (EU(W)A 2018), as altered by the European Union (Withdrawal agreement) Act 2020 (EU(WA)A 2020), to put in place and refine the UK’s anti‑money laundering (AML) and counter‑terrorist financing (CTF) framework following Brexit, including bringing the Wire Transfer Regulation (WTR2) into UK law

It also addresses pending European AML/CTF initiatives, the Sanctions and Anti‑Money Laundering Act 2018 (SAMLA 2018), amendments to the Money Laundering Regulations (MLRs) via EU Exit statutory instruments, and resulting updates to the FCA Handbook

For developments concerning the UK and EU positions on the UK’s AML/CTF regime post‑Brexit, including items highlighted in this quick guide, see the following Practice Notes:

Introduction to the UK AML/CTF legal and regulatory framework for financial services
The EU AML/CTF legal and regulatory framework for financial services under MLD4 [Archived]

For a broad overview of UK and EU AML/CTF developments, with links to relevant Lexis+® UK material, see: AML/CTF legal and regulatory regimes for financial services firms—timeline to 31 December 2023 [Archived]...

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Web page updated on 22/05/2026

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