HMRC report on money laundering regulation breaches
Released 07 January 2021
HMRC have published the latest list of businesses handed fines for breaching the money laundering regulations.
In 2019–20 HMRC completed 2,000 interventions on supervised businesses, issued penalties totalling £9.1m and stopped 89 non-compliant businesses and individuals from trading. HMRC also recouped over £166m from the proceeds of crime, of which more than £22m was linked to money laundering offences.
For further information, see the HMRC press release HMRC issues record £23.8m fine for money laundering breaches.