On 6 August, HM Treasury published the annual report for 2018 to 2019 on AML/CFT supervision. HM Treasury has worked with supervisory bodies to develop an annual report on the performance of those supervisors. The report notes improvements in the strength of action taken by statutory supervisors against non-compliance. It says that while the report shows improvements in several areas, across both statutory and the professional body supervisors, there is still more work to do. The supervisors remain committed to further strengthening their approach and tightening the UK’s defences against money laundering.