Money Laundering
The question
To ask the Chancellor of the Exchequer, whether her Department is taking steps to strengthen anti-money laundering regulations.
Answered by Tulip Siddiq
We are committed to ensuring the UK’s anti-money laundering and counter terrorist financing regime is both effective and proportionate. To that end, a consultation on improving the effectiveness of the Money Laundering Regulations closed in June 2024 and collected feedback on a range of potential changes to the Regulations. HM Treasury is currently analysing this feedback and the Government will publish a response in due course.
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