UK Parliament launches inquiry into the Govt’s Financial Inclusion Strategy, urging action beyond ‘box‑ticking’ to ensure vulnerable groups gain real access to financial services while curbing FC risks

The Committee will examine whether existing measures, such as banking hubs, effectively reach those excluded from mainstream finance and will call for a strategic, outcome-driven approach supported by the private sector. From a financial‑crime perspective, meaningful inclusion is crucial: without access to regulated banking, excluded individuals may rely on informal or opaque channels, heightening risks…