Written Question·Treasury·UIN 28405
Money Laundering: Retail Trade
Tabled: 3 February 2025
Answered: 6 February 2025
Question
Bradley Thomas
Conservative — Bromsgrove
To ask the Chancellor of the Exchequer, what estimate she has made of the number of retail businesses operating as a front for money laundering.
Answer
Emma ReynoldsThe 2020 National Risk Assessment on Money Laundering and Terrorist Financing found that cash-based money laundering risks remain high, often involving cash-intensive businesses such as retail used to mask criminal sources of wealth. The Treasury collabor...
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