Emma Reynolds

Emma Reynolds

Labour — Wycombe

Speaking in the House of Commons on 21 January 2025

Debate

Money Laundering in Retail Businesses

Contribution

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.

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