Written Question·Treasury·UIN 90621

Property Transfer: Money Laundering

Tabled: 12 November 2025

Answered: 20 November 2025

Question

Ben Maguire

To ask the Chancellor of the Exchequer, if she will make an assessment with Cabinet colleagues of the potential merits of implementing a pilot scheme for banks to provide standardised anti-money laundering checks for use in property transactions.

Answer

Lucy Rigby

The requirements for anti-money laundering checks in property transactions are set out in the Money Laundering Regulations (MLRs). The MLRs are not prescriptive in setting out precisely how banks and other regulated firms should undertake anti-money laund...

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