Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps her Department took to help tackle (a) illicit finance and (b) economic crime between 4 July 2024 and 14 January 2025.

The Government is committed to tackling illicit finance and economic crime. We have appointed an Anti-Corruption Champion Baroness Hodge to support the government's agenda in tackling corruption at home and overseas.

HM Treasury has been working with partners across the public and private sector to update our National Risk Assessment for money laundering and terrorist financing; and to deliver Economic Crime Plan 2, our public-private strategy to combat economic crime and strengthen the UK system. This includes work on HM Treasury owned actions to reform our Anti-Money Laundering/Counter Terrorist Financing supervisory regime, and to improve the effectiveness of the Money Laundering Regulations.

HM Treasury has also continued its work to tackle international illicit finance flows and strengthen the global system, representing the UK at the Financial Action Task Force; and conducting regular engagement with governments around the world on how to improve their anti-money laundering systems.