On the 10th January 2020, the 5th Money Laundering Directive was transposed into UK Law through amendments to the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. New Guidance which is intended to summarise the key changes has been produced, for legal professionals that are in scope. It is not exhaustive and should be read in the context of the amended legislation. This guidance, which has been agreed by all members of the Legal Sector Affinity Group is interim and has not been formally approved by HM Treasury. Information contained in this document will be incorporated into full revised guidance, to be released as soon as possible.