Money Laundering: Prosecutions

HM Treasury written question – answered on 5th March 2018.

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Photo of Helen Goodman Helen Goodman Shadow Minister (Foreign and Commonwealth Affairs)

To ask Mr Chancellor of the Exchequer, how many companies have been prosecuted by HMRC under the Money Laundering Regulations 2017 in the last year.

Photo of Mel Stride Mel Stride Financial Secretary to the Treasury and Paymaster General

HMRC has not prosecuted any companies under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 in the last eight months since its enactment.

HMRC successfully prosecuted one individual under the Money Laundering Regulations 2007 in 2016/17 and one individual in 2017/18 to date.

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