Up and down - UK AML/CFT supervision findings

In the introduction to its AML/CFT Supervision Report 2022-23, HM Treasury asserts that the UK government approach to economic crime is "robust and holistic", with "sustained action to improve the response" and regulatory oversight a "critical component". Does the evidence match the rhetoric? Partly.

In the introduction to its AML/CFT Supervision Report 2022-23 [1], HM Treasury (HMT) asserts that the UK government approach to economic crime is "robust and holistic", with "sustained action to improve the response" and regulatory oversight a "critical component". Does the evidence match the rhetoric? Partly.