MBaer Merchant Bank
The question
To ask the Chancellor of the Exchequer, what assessment her Department has made of the implications for its policies of the notice issued on 2 March 2026 by the US Treasury's Financial Crimes Enforcement Network proposing that MBaer Merchant Bank be designated as an institution of primary money laundering concern.
Answered by Lucy Rigby
The Government is committed to protecting the UK’s financial system and maintaining a robust anti-money laundering and counter-terrorist financing system. This involves identifying risks to the system, monitoring global developments, and working with international partners.
The Government does not comment on assessments relating to specific firms. Where appropriate, the Government will act in response to individual cases and risks identified.
Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →