UK Government releases new assessment on money laundering and terrorist financing risks
The UK’s 2025 risk assessment highlights evolving threats in illicit finance and sets priorities for future action.
Key points:
– The UK Government has released its 2025 National Risk Assessment to address evolving threats in money laundering and terrorist financing
– The report highlights increased risks linked to emerging technologies, including cryptocurrencies
– The Gambling Commission will update its risk assessment for the gambling sector in response to the findings
The UK Government has published its latest National Risk Assessment of Money Laundering and Terrorist Financing (NRA), outlining the key threats facing the country’s financial system and the evolving nature of illicit finance.
This is the fourth comprehensive assessment of its kind, intended to help government bodies, regulators, law enforcement and businesses understand and respond to how criminals and terrorist groups may exploit the UK’s financial and professional sectors.
According to the assessment, the same openness that supports legitimate trade and investment in the UK can also be misused by criminal networks. Officials warn that money laundering and terrorist financing are not victimless crimes, as they can support serious criminal activity, undermine economic stability and pose risks to national security.
The report identifies a rapidly changing threat landscape, driven by technological developments, global instability and the increasing sophistication of illicit networks. In particular, it notes growing risks associated with cryptocurrencies and other emerging technologies.
The NRA is intended to serve as a key resource for the regulated sector, offering insight into how services may be misused and providing guidance on identifying and mitigating these threats. It also forms part of the UK’s broader strategy under the ‘Strong Foundations’ pillar of the Plan for Change, which aims to prevent criminal funds from reaching individuals or groups that endanger national and economic security.
The assessment complements existing Government strategies, including the Economic Crime Plan 2023–2026, Contest 2023 and forthcoming Fraud and Anti-Corruption strategies. It also aligns with international standards set by the Financial Action Task Force (FATF).
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The Government has stated that the NRA will directly inform future policy, regulatory approaches and operational priorities to ensure proportionate responses while maintaining the UK’s reputation as a secure and attractive place for legitimate business.
As part of the response to the findings, the Gambling Commission has announced plans to review and update its risk assessment of the British gambling industry. Further details are expected in due course.
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