Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how many individuals have been convicted for breaches of the Money Laundering Regulations in each of the last five years.

The majority of businesses supervised by HMRC are compliant and play an important role in our financial system.

Those who fail to comply with the Money Laundering Regulations leave themselves, and the UK economy, open to attacks by criminals. HMRC takes a robust approach to non-compliance and uses a wide range of measures to tackle those who breach the regulations, including civil penalties as well as criminal prosecutions.

HMRC does not publish the data of the number of prosecutions under the Money Laundering Regulations but details of other supervisory sanctions applied can be found at https://www.gov.uk/government/publications/businesses-not-complying-with-money-laundering-regulations-in-2018-to-2019/businesses-that-have-not-complied-with-the-regulations-2023-to-2024