Question to the HM Treasury:

To ask Her Majesty's Government what discussions they had with the Financial Conduct Authority (FCA) about Greensill Capital and anti-money laundering regulations; and on what dates the FCA visited Greensill Capital in relation to such regulations.

The FCA is the supervisor for firms registered as Annex 1 firms under the Money Laundering Regulations 2017.

Greensill Capital UK (Limited) was not authorised by the FCA. It was a registered entity under the Money Laundering Regulations, which means that it was subject to FCA regulation only for compliance with Anti-Money Laundering rules, not for wider conduct issues. Greensill Capital Securities Ltd was an Appointed Representative of an FCA-regulated firm, under whose supervision it could conduct some regulated activities. However, it was not itself supervised or authorised by the FCA. Greensill Capital Securities Ltd is no longer an Appointed Representative

It would not be appropriate for HM Treasury to comment on the actions taken by an independent regulator regarding an individual firm.