Written Question·Treasury·UIN 9979
Electronic Commerce: Money Laundering
Tabled: 18 October 2024
Answered: 24 October 2024
Named DayQuestion
Phil Brickell
Labour — Bolton West
To ask the Chancellor of the Exchequer, whether her Department has made an assessment of the (a) potential risk of the use of e-payment platforms for money laundering and (b) likelihood that those platforms are used to launder criminal money originating f
Answer
Tulip SiddiqThis government is committed to supporting safe innovation within our financial technology sectors. The UK’s 2020 National Risk Assessment for money laundering and terrorist financing judged that payment and e-money services were at medium risk of money l...
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