Policy paper

National risk assessment of money laundering and terrorist financing 2025

The 2025 national risk assessment (NRA) is the fourth comprehensive assessment of money laundering and terrorist financing risk in the UK.

• From: HM Treasury
• Published: 17 July 2025

Documents

National Risk Assessment of Money Laundering and Terrorist Financing 2025

PDF, 2.54 MB, 163 pages

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Details

The NRA sets out the key money laundering and terrorist financing risks for the UK, how these have changed since the UK’s third NRA was published in 2020, and the action taken since 2020 to address these risks.

Published 17 July 2025