Policy paper

Anti-money laundering and countering the financing of terrorism: Supervision Report 2022-23

Annual report for 2022 to 2023 on anti-money laundering and counter-terrorist financing (AML/CFT) supervision.

• From: HM Treasury
• Published: 1 May 2024

Documents

Anti-money laundering and counter-terrorist financing: Supervision Report: 2022-23

Ref: ISBN 978-1-917151-22-1

PDF, 547 KB, 62 pages

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Details

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 and fulfils the Treasury’s obligation, under Section 51 of the Money Laundering Regulations, to publish an annual report on supervisory activity. The report includes supervisory and enforcement data on both the Public Sector and Professional Body Supervisors, highlighting any notable changes in supervisory activity and any fines that supervisors have issued.

The Treasury appoints AML/CTF supervisors to monitor the compliance of businesses in scope of the Money Laundering Regulations. In order to improve the transparency and accountability of supervision and to encourage good practice, the Treasury has worked with supervisors to develop this annual report on the performance of AML/CTF supervisors. The report fulfils the Treasury’s obligation under the Money Laundering Regulations to ask all designated AML/CTF supervisors to provide information on their supervisory activity and publish a consolidated review of this information. This is the Treasury’s eleventh annual report on AML/CTF supervision.

Published 1 May 2024