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Written question asked by Preet Kaur Gill (Labour) on Tuesday, 8 September 2026, in the House of Commons. It was due for an answer on Thursday, 10 September 2026. It was answered by Lucy Rigby (Labour) on Tuesday, 15 September 2026 on behalf of the Treasury.

Remittances: Iran

Question

To ask the Chancellor of the Exchequer, what assessment he has made of (a) trends in the level of displacement of UK-Iran personal remittances into unregulated channels and (b) the potential impact of visibility of those flows on law enforcement.

Answer

The UK Government plays a leading international role in addressing challenges related to remittances and financial inclusion, working through forums such as the Global Partnership for Financial Inclusion, and alongside organisations such as the Financial Action Task Force (FATF), to ensure these issues remain a focus of collective action.

At the same time, we remain committed to protecting the integrity of the UK financial system and ensuring that it is not exploited to facilitate illicit finance. The Money Laundering Regulations require regulated businesses to apply enhanced customer due diligence and enhanced ongoing transaction monitoring where there is a relationship or transaction involving a country subject to a FATF call for action, which includes Iran.

Secondary information

Type
Written question
Reference
27997
Session
2026-27
Subjects
Regulation Iran Remittances
Link
View this Written question on www.parliament.uk