Statutory Instrument no. 2157 of 2007 introduced the Money Laundering Regulations 2007 into Great Britain and Northern Ireland, revoking the 2003 Regulations. The 2007 Regulations, which are effective from 15th December 2007, transpose the provisions of the EU Directive 2005/60/EC on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing ('3rd Directive').