This paper examines how the use of money
laundering to protect and fund terrorist activities is well known and how measures
to effectively combat money
laundering must be focused and proportionate. It deals with the main provisions of the Money Laundering
Regulations 2003 and discusses the extent to which the regulations have been successful in combating money laundering. Outline Introduction Previous Law and Effectiveness Reporting Obligations Legal Professional Privilege Definition of Regulated Sector Conclusion