Money Laundering: Regulation
Commons · Question 67271 · Tabled 11 Jul 2025 · Treasury · Official record
Answered 21 Jul 2025
Question
Asked by Edward Morello
To ask the Chancellor of the Exchequer, whether she has made an assessment of the potential impact of anti-money laundering regulations on transaction times in property conveyancing.
Answer
Answered by Emma Reynolds, 21 Jul 2025
Under the Money Laundering Regulations, estate agents and legal professionals must apply customer due diligence measures to mitigate the risk that property purchases are used to launder the proceeds of crime. These measures include checking and verifying ...