Responding to the government's announcement to bring forward an Economic Crime Bill to tackle money laundering through the UK, David Postings, Chief Executive of UK Finance, said:

The banking and finance industry is committed to making the UK the safest and most transparent place in the world to do business. The measures announced by the government are warmly welcomed. We have been working closely with the government, law enforcement and Companies House to address vulnerabilities in the UK's company register and will continue to support this work as new legislation is introduced.