<-- Back to proposed bills
National Risk Assessment of money laundering and terrorist financing in the UK
17 December 2020
At a Glance
Issue Summary
The statement addresses the UK's vulnerability to money laundering and terrorist financing and updates the National Risk Assessment.
Action Requested
The Treasury and Home Office are publishing the third National Risk Assessment of money laundering and terrorist financing, which outlines recent progress and ongoing vulnerabilities. The Government continues to strengthen its response through new initiatives such as the Economic Crime Strategic Board and reforms to corporate transparency at Companies House.
Key Facts
- UK’s anti-money laundering regime received one of the best ratings from the Financial Action Task Force in this round of evaluations.
- Since 2017, the Government has established the National Economic Crime Centre and the Office for Professional Body Anti-Money Laundering Supervision.
- The Economic Crime Plan was published in 2019.
▸
Assessment & feedback
Summary accuracy