---
title: HM Treasury Publishes Its AML/CTF Supervision Report 2022-23
description: HM Treasury has today published its AML/CTF Supervision Report for 2022-23.
---

[News & insights ](https://www.plenitudeconsulting.com/news-insights)

# [HM Treasury Publishes Its AML/CTF Supervision Report 2022-23](https://www.plenitudeconsulting.com/news-insights/hm-treasury-publishes-its-aml/ctf-supervision-report-2022-23)

 Written by [Insight & Partnership Team](https://www.plenitudeconsulting.com/news-insights/author/insight-partnership-team) | May 1, 2024 12:59:00 PM

The report covers:

- Individual supervisors’ risk-based approaches to supervising their population, including their supervisory activity and information-sharing practices; and
- Supervisors’ use of dissuasive enforcement to promote compliance with the AML/CTF standards among their supervised population.

Some key findings include:

- 5,253 desk-based reviews and onsite visits were conducted between 2022-23 by all supervisors, translating to 5.5% of AML/CTF-regulated businesses;
- Around 10% of all regulated businesses were identified as high risk by supervisors in 2022-23, in line with data from previous years;
- Through sectoral risk assessments, the FCA found retail banking (including payments), wholesale banking, wealth management and crypto-asset firms to be particularly vulnerable to financial crime and posed the greatest risk of being exploited for money laundering; and
- During the reporting period, the FCA conducted 231 financial crime desk-based reviews and 7 onsite visits, 181 of which were completed on high-risk firms, 34 on medium-risk firms, and 23 on low-risk firms.

Firms should view the report to gain insights into current UK supervisory practices and any potential operational impacts.

[View full post](https://www.plenitudeconsulting.com/news-insights/hm-treasury-publishes-its-aml/ctf-supervision-report-2022-23)

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