Money Laundering: EU Action

(asked on 4th September 2018) - View Source

Question to the HM Treasury:

To ask Her Majesty's Government what assessment they have made of whether the UK will continue to adopt new EU legislation on anti-money laundering in the event of a no-deal Brexit.


Answered by
Lord Bates Portrait
Lord Bates
This question was answered on 14th September 2018

The Sanctions and Anti-Money Laundering Act 2018 provides the Government with the powers to amend and update anti-money laundering and counter-terrorist financing (AML/CTF) regulations post -Brexit. The Government will use these powers to continue implementing the international AML/CTF standards set by the Financial Action Task Force (FATF), and to continue strengthening the UK’s AML/CTF regime.

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