Source · Select Committees · Treasury Committee
Recommendation 39
39
Paragraph: 167
HMRC is responsible for anti-money laundering supervision in a number of risky sectors, such as...
Recommendation
HMRC is responsible for anti-money laundering supervision in a number of risky sectors, such as Trust or Company Service Providers (TCSPs). There are signs that HMRC could improve its supervisory performance in that sector and other risky sectors. HMRC should seek to be more proactive in preventing TCSPs facilitating the use of UK companies for money laundering and should aim to drive up significantly the numbers of SARs from that sector.
Paragraph Reference:
167
Government Response
A response document is linked to this report, dated 28 April 2022. Response attribution to this conclusion has not been verified. Read the response document ↗