Money Laundering in Retail Businesses

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

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

We take this issue very seriously. The Treasury owns the money laundering regulations, but the FCA has a key role as a major supervisor, and we work very closely with the criminal enforcement agencies. Of course, those agencies are independent, but we are absolutely committed to clamping down on money laundering.