Money Laundering in Retail Businesses

Part of Treasury – in the House of Commons at on 21 January 2025.

Alert me about debates like this

Photo of Emma Reynolds Emma Reynolds The Economic Secretary to the Treasury

It is right that we take a robust approach to money laundering, and we have a tailored approach to cash deposit limits to reflect the differences in needs and risk profiles across businesses’ customer bases. I am committed to working with the Financial Conduct Authority and others to ensure we strike the right balance—one that allows businesses to continue their operations but also ensures that we assess the risk posed by those who might be using their businesses to launder money.