questionText: To ask the Chancellor of the Exchequer, what steps she is taking to reduce administrative friction in transferring large sums between personal accounts while maintaining robust fraud prevention and anti-money laundering measures.
answerText: The government recognises the importance of minimising administrative friction around payments for people, banks, and businesses, while maintaining strong safeguards against the growing threat to the economy from money laundering and economic crime. The d...
heading: Money Laundering: Electronic Funds Transfer