Money Laundering
(asked on 14th May 2018) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, whether HMRC has undertaken an investigation into the company agent that formed Tenby Services Ltd which had a registered office at International 145-157 St. John Street, London, EC1V 4PW, in relation to allegations of money laundering as a result of records obtained by the Organised Crime and Corruption Reporting Project.
HM Revenue and Customs (HMRC) is unable to comment on any investigations into individuals or businesses.
However, as part of its remit, HMRC has a multi-faceted role in identifying and tackling money laundering, including supporting the efforts of other agencies, such as the National Crime Agency, in responding to the activities identified in the so-called ‘Laundromat’ exposé.
Under the Money Laundering Regulations 2017, HMRC supervises those Trust or Company Service Providers (including company formation agents) that do not fall under the supervision of the Financial Conduct Authority or legal or accountancy professional bodies.
The action HMRC takes to discharge those supervisory responsibilities and its wider role in tackling financial crime, including support to government initiatives on targeting illicit finances, are described in a recent publication ‘Report on Tackling Financial Crime in the Supervised Sectors 2015-2017’.