On 19 November 2021, HM Treasury published it latest annual report for the period 2019 to 2020 on anti-money laundering and counter-terrorist financing supervision. The report provides information about the performance of UK anti-money laundering / countering the financing of terrorism supervisors between 6 April 2019 – 5 April 2020 and fulfils the Treasury’s obligation, under Section 51 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, to publish an annual report on supervisory activity.

Although the report concludes that actions taken by supervisors have remained broadly consistent with the previous reporting period, it also notes that there is still more work to do to achieve a greater consistency in approach to supervision and enforcement.