Oral Answers to Questions

Debate between Bambos Charalambous and John Glen

Tuesday 22nd May 2018 Commons Chamber

[Bambos Charalambous (Enfield, Southgate) (Lab)]

A Home Affairs Committee report published in summer 2016 found that the suspicious activity reporting system intended for use by the banks to crack down on money laundering was not fit for purpose. The Committee demanded immediate reform, but the Government stated that they would implement the reforms only by 2018. In the light of the Foreign Affairs Committee report on Russia, criminal financing and the UK, will the Minister immediately bring forward plans to reform and improve the system, as was recommended two whole years ago?

[John Glen]

I refer the hon. Gentleman to the response I gave earlier. The Government are taking forward a range of options, but I will examine the issue he raises and write to him.