Question to the HM Treasury:

To ask the Chancellor of the Exchequer, when his Department will publish its conclusions on the consultation on reforming the UK's Anti-Money Laundering Supervision system.

The government published a review of the UK’s anti-money laundering and counter terrorist financing (AML/CFT) regulatory and supervisory regime in June 2022. The review recognised that despite significant progress from the UK’s AML/CFT supervisors, there is still room for further improvement to strengthen the UK’s defences against economic crime.

The review also set out possible options for future reform. The Treasury will publish its conclusions following a formal consultation on the options under consideration, to ensure the risks and implications are fully understood.