Legal & regulatory framework
A plain-language starting point for the legislation, regulations and practice guidance administered or enforced by CIFIU.
Legislation
All documents open as PDFs in a new tab. Where an Act has been amended, read the principal Act together with its amendments.
CIFIU-administered legislation
Conjoint enforcement
Practice guidance
Six core obligations apply under the Financial Transactions Reporting Act 2017. Use the sector guidelines below to apply them to your business.
Identify, assess, document and keep current the money-laundering and terrorism-financing risks faced by your business.
Identify customers and beneficial owners, understand the relationship and apply enhanced measures where appropriate.
Maintain reliable records that allow transactions and compliance decisions to be reconstructed.
Report qualifying cash and electronic funds transfers and submit suspicious activity reports without delay.
Maintain policies, controls, governance, training and independent review proportionate to your risk.
Apply the requirements in the context of accounting, legal, real-estate, trustee and high-value retail services.
Guidance documents
Practice documents
Financial Transactions Reporting Practice Guidelines · PDF
FTRA Guideline for Accountants · PDF
FTRA Guideline for High Value Item Retailers · PDF
Sector-specific guidance
FTRA Guideline for Lawyers · PDF
FTRA Guideline for Real Estate · PDF
FTRA Guideline for Trustee Companies · PDF
