Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether her Department is taking steps to strengthen anti-money laundering regulations.

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.