Moved by
Baroness Hamwee
70: After Clause 11, insert the following new Clause—
“Anti-money laundering supervision
The Secretary of State must by regulations made by statutory instrument amend the Money Laundering Regulations 2007 to require the supervisory authorities to—
(a) publish annually their enforcement statistics;
(b) publish annually details of individual cases of enforcement; and
(c) report to HM Treasury such information as it requests, including information regarding failures of compliance and a lack of understanding of compliance requirements.”