Money Laundering: Regulation
The question
To ask the Chancellor of the Exchequer, whether she plans to respond to the consultation on Improving the effectiveness of the Money Laundering Regulations, published in March 2024.
Answered by Emma Reynolds
Responses to the consultation have been invaluable in building the evidence base on potential reforms. In the coming months HM Treasury plans to respond and will bring forward a package of changes to the Regulations aimed at improving their effectiveness. This will include changes to close potential loopholes and ensure requirements are targeted at high-risk activity.
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