Money Laundering

(asked on 20th July 2016) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, whether it is his policy that existing money laundering regulations made under section 2(2) of the European Communities Act 1972 should remain in force in the UK after the UK leaves the EU.


Answered by
 Portrait
Simon Kirby
This question was answered on 9th September 2016

Tackling money laundering and terrorist financing is a priority for the Government. The UK is a leading member of the international standard setter for anti-money laundering and counter terrorist financing, the Financial Action Task Force, and supports full compliance with the standards which we implement domestically. The UK will continue to cooperate closely with our international partners to improve the effectiveness of the standards, and to ensure the global anti-money regime is robust and responsive to emerging threats.

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