questionText: To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact of compliance with Money Laundering Regulations on individuals providing financial assistance to family members in property transactions; and whether he plans to take steps to reduce the level of administration for such individuals.
answerText: Under the Money Laundering Regulations (MLRs), businesses undertaking regulated activity, including facilitating property transactions, must establish policies, controls and procedures to mitigate the risks of money laundering and terrorist financing. The...
heading: Property: Money Laundering