HMRC AI financial tracking concerns
Saturday 4th July, 2026
A former Treasury adviser warns HMRC may soon use AI to monitor individuals’ and businesses’ income and spending, mirroring comprehensive Spanish systems and raising privacy concerns in the UK.
This gives Wise a chance to talk about transparency, user data privacy and safeguards for customers’ financial information in the UK and Europe.
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Why have we flagged this?
HMRC exploring AI to track incomes and spending is a major regulatory and privacy story directly relevant to cross-border payments and customer data—your expertise on privacy, transaction transparency and how financial flows work would be useful to journalists and policymakers.
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