The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (SI 2017/692) (Money Laundering Regulations 2017 or MLRs 2017) form part of the UK's anti-money laundering (AML), counter-terrorist financing (CTF) and counter-proliferation financing (CPF) regime. They apply to a wide range of businesses identified as most vulnerable to the risk of being used for money laundering and terrorist financing purposes.

This note considers the implications of the MLRs 2017 for financial institutions by identifying the key obligations they have to comply with.