Money Laundering: British Banks Debate

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Department: HM Treasury

Money Laundering: British Banks

Alan Mak Excerpts
Tuesday 21st March 2017

(7 years, 8 months ago)

Commons Chamber
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Simon Kirby Portrait Simon Kirby
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I make it clear that I am not aware of any connection. It is right and proper that the FCA and the NCA have been watching that issue for some time. It is a confidential matter; if there is new information, I am sure they will consider it.

Alan Mak Portrait Mr Alan Mak (Havant) (Con)
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Compliance officers across the banking sector play a key role in stamping out some of the behaviour that has been reported. Will the Minister assure the House that the FCA and other regulators are making sure that compliance officers are properly trained and are proactive on the ground?

Simon Kirby Portrait Simon Kirby
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I reassure my hon. Friend that that is the case. It is right and proper that the issue of money laundering is addressed from top to bottom. Everyone has a responsible part to play.