Money Laundering: British Banks Debate

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Department: HM Treasury

Money Laundering: British Banks

Philip Hollobone Excerpts
Tuesday 21st March 2017

(7 years, 1 month ago)

Commons Chamber
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Simon Kirby Portrait Simon Kirby
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The hon. Gentleman is absolutely right that in this country we have not only a world-regarded financial regulation system but a rule of law that is both fair and effective. If there is any wrongdoing or impropriety, it is right and proper that those people face the full weight of the law.

Philip Hollobone Portrait Mr Philip Hollobone (Kettering) (Con)
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How many money launderers have been sent to prison in the past five years?

Simon Kirby Portrait Simon Kirby
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I am not aware of the exact answer to that question, but I will write to my hon. Friend with all the information I have. I am convinced that, across the world and in this country, money laundering is taken very seriously.