Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps her Department has taken to provide additional clarity to businesses when engaging with HMRC to ensure compliance with money laundering regulations.

HM Revenue & Customs supports supervised businesses by engaging through a range of channels, providing effective information and guidance. HMRC publishes detailed guidance on how to comply with the money laundering regulations, documents explaining risks for each supervised sector, and additional ad-hoc alerts.

HMRC supplements the core guidance and risk documents through education delivered via various methods including mailings, webinars and YouTube videos. HMRC also regularly engages with supervised sectors through trade bodies, representative groups and directly with major operators, enabling two-way feedback on sector developments, risks and compliance issues.