Property: Money Laundering — Written Question

Question

Manuela Perteghella

Liberal Democrat — Stratford-on-Avon

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of compliance with Money Laundering Regulations on individuals providing financial assistance to family members in property transactions; and whether she plans to

Answer

Rachel Blake

Under the Money Laundering Regulations (MLRs), businesses undertaking regulated activity, including facilitating property transactions, must establish policies, controls and procedures to mitigate the risks of money laundering and terrorist financing. The...

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