Question to the Home Office:

To ask Her Majesty's Government what is their assessment of the current steps being taken to tackle money laundering in the UK.

We have consistently reinforced our ability to crack down on money laundering in the UK and with our operational partners, we continue to bring the full capabilities of law enforcement to bear against serious criminals, corrupt elites, and their assets.

In July 2019 we published an ambitious public-private Economic Crime Plan and Asset Recovery Action Plan, for the first time bringing together government, law enforcement and the private sector to deliver a collective response to the threat from economic crime. We are making good progress, in particular on enabling better information sharing to combat economic crime, reforming the Suspicious Activity Reports system and implementing the 5^th Money Laundering Directive to bear down on money laundering.

The Financial Action Task Force completed a landmark review of the UK’s regime for tackling money laundering and terrorist financing in December 2018, concluding that we have some of the strongest controls in the world.