Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps he is taking to update the guidance on the 2017 money laundering regulations for estate agents.

HMRC, as the anti-money laundering supervisor for estate agents, drafts the guidance on how to apply the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. The estate agency guidance was updated after the 2017 regulations came into force and is available in draft.

Both HM Treasury and HMRC are working closely with industry representatives to ensure that the guidance is finalised as soon as possible and that it is effective and fit for purpose.