Money Laundering: Fines

Summary

To ask the Chancellor of the Exchequer, if she will provide an overview of how the Financial Conduct Authority has spent the £173.5 million fines imposed on firms for breaches of the Money Laundering Regulations 2007 since 2017.

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Timeline

1. 13 November 2025

   Written question

   To ask the Chancellor of the Exchequer, if she will provide an overview of how the Financial Conduct Authority has spent the £173.5 million fines imposed on firms for breaches of the Money Laundering Regulations 2007 since 2017.

   Source: Commons

2. 19 November 2025

   Answer

   The Financial Conduct Authority (FCA) does not spend the revenue it collects from fines. The FCA is required to pass revenue from fines it imposes by the FCA to the Treasury. The Treasury must surrender it to the Consolidated Fund and it is then part of t...

   Source: Written answer

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• · Treasury · Answering body

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