Context
The MP noted that police operations last year led to hundreds of arrests and thousands of raids on high street shops across the country, including in West Yorkshire. She highlighted a need for further steps to tackle money laundering.
Question
I am concerned about police operations last year leading to hundreds arrested and thousands of high street shops raided across the country, including in West Yorkshire. What further steps are being taken to tackle money laundering, including by connecting information across agencies and flagging suspicious entities, so that such operations can be closed down quickly?
Answer from Dan Jarvis
We are taking more steps. The new high streets taskforce will look at whether the current data sharing between agencies in supporting enforcement teams is appropriate in order to maximise our response to be as effective as possible. The Government will also publish a new anti-money laundering and asset recovery strategy this summer, which will set out further ambitious measures to strengthen our fight against money laundering, including through better sharing and exploitation of financial information across the system.
Not addressed: Exact mechanism for flagging suspicious entities was not detailed
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