Money Laundering: Israeli Settlements and Syria — Written Question

Question

Andy McDonald

Labour — Middlesbrough and Thornaby East

To ask the Chancellor of the Exchequer, what assessment she has made of whether UK persons and regulated businesses are exposed to money laundering risks through transactions involving companies whose goods or revenues are wholly or partly generated from

Answer

Rachel Blake

The MLRs do not prescribe separate requirements on supervisors in relation to commercial activity involving particular geographic areas or territories. Regulated businesses and firms are required to consider relevant risk factors relating to customers, tr...

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