Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Money laundering definition

What does Money laundering mean? money laundering is the process of concealing the proceeds of crime so they appear legitimate, including placement, layering and integration. The term is generic, but in the UK the principal offences are defined in the Proceeds of Crime Act 2002 (ss.327–329), with related reporting and tipping‑off offences and preventive duties under the Money Laundering Regulations 2017 (as amended). In Ireland, offences and compliance obligations arise under the Criminal Justice (Money Laundering and Terrorist Financing) Acts 2010–2021. Key features include dealing with “criminal property” (acquiring, using, possessing or arranging) and duties in the regulated sector—banks, solicitors, accountants, estate agents and others—to...

Nominated officer under the UK Money Laundering Regulations 2017: appointment, SAR responsibilities, FCA interactions, proliferation financing, deputies and practical guidance for legal practices

Published by a LexisNexis Risk & Compliance expert

Practice notes

This Practice Note explains when organisations are required to appoint a nominated officer (often called a money laundering reporting officer, or MLRO), outlines the nominated officer’s responsibilities, and suggests practical actions they can take to carry out the role. It reflects the obligations set by the Money Laundering Regulations 2017, SI 2017/692 (MLR 2017), as updated. The guidance is intended for general use. You should confirm whether your regulator imposes any additional, sector‑specific expectations concerning nominated officers.

What is a nominated officer?

A nominated officer is the individual designated to receive and evaluate suspicious activity reports (SARs) under the Terrorism Act 2000 (TA 2000) and the Proceeds of Crime Act 2002 (POCA 2002). They are also expected to submit external SARs to the National Crime Agency (NCA). The nominated officer is different from the MLCO, ie the board‑level appointee who is accountable for the organisation’s compliance with the MLR 2017—see section: Internal relationships.

Do you have to appoint a nominated officer?

Not all organisations are obliged to appoint a nominated officer, however, as some are outside scope under MLR 2017...

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Web page updated on 21/05/2026

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