Treasury publishes terrorism financing reports

The treasury has published its annual reports on anti-money laundering and countering the financing of terrorism.

The Treasury appoints supervisors to monitor the anti-money laundering (AML) and counter-terrorist financing (CTF) compliance of businesses in scope of the Money Laundering Regulations (MLRs).

This report provides information about the performance of anti-money laundering (AML) and counter-terrorist financing (CTF) supervisors between 6 April 2022 – 5 April 2023.

The report includes supervisory and enforcement data on both the Public Sector and Professional Body Supervisors, and highlights any notable changes in supervisory activity and any fines that supervisors have issued.

In the introduction to the report, Baroness Vere of Norton said: "Illicit finance in the UK fuels serious organised crime and poses a material threat to our national security and economic prosperity. The fight against money laundering and terrorist financing is also the fight to protect the safety and prosperity of our citizens and communities, and the integrity of the financial system."