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1225087

registered interest
date	15/07/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Gambling: Money Laundering
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what discussions he has had with representatives of the gambling industry on tackling money laundering in that industry; and if he will make a statement.
tabling member constituency	Ilford North
tabling member printed	Wes Streeting
uin	74680
answer	answer is ministerial correction date of answer 21/07/2020 answer text <p>The UK’s anti-money laundering (AML) and counter-terrorist financing (CTF) supervisory regime is comprehensive, seeking to regulate and supervise those firms most at risk from money laundering and terrorist financing. In December 2018, the Financial Action Task Force (FATF), the global standard-setter for AML/CTF, found that the UK had one of the toughest systems for combatting money laundering and terrorist financing of any country it has assessed to date.</p><p> </p><p>The Gambling Commission is the supervisory authority for casinos under the Money Laundering Regulations (MLRs). The FATF Mutual Evaluation Report found that the Gambling Commission had a good understanding of the money laundering and terrorist financing risks in the gambling sector and applied a risk-based approach to supervision.</p><p> </p><p>The Gambling Commission supervises the casino sector and regulates the gambling industry as a whole. It conducts a yearly money laundering and terrorist financing risk assessment based on emerging and inherent risks in the gambling industry. This evaluation informs its supervisory and regulatory activity ensuring it is targeted, relevant and proportionate. In the reporting period of 6 April 2018 - 5 April 2019, the Gambling Commission issued financial penalties worth £17 million in total against its supervised population for cases that included AML/CTF failings.</p><p> </p><p>In his time as Chancellor of the Exchequer, the Chancellor has not had personal discussions with the Home Secretary, the Secretary of State for Digital, Culture, Media and Sport or representatives of the gambling industry on money laundering, though there are regular official level engagements focussed on identifying these risks and demonstrating evidence of continued improvements in their effectiveness, as there are with all AML supervisors.</p> answering member constituency Salisbury answering member printed John Glen question first answered 21/07/2020 08:11:35 answering member 4051 label Biography information for John Glen
tabling member	4504 label Biography information for Wes Streeting

1225093

registered interest
date	15/07/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Gambling: Money Laundering
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what discussions he has had with the (a) Home Secretary and (b) Secretary of State for Digital, Culture, Media and Sport on tackling money laundering in the gambling industry; and if he will make a statement.
tabling member constituency	Ilford North
tabling member printed	Wes Streeting
uin	74681
answer	answer is ministerial correction date of answer 21/07/2020 answer text <p>The UK’s anti-money laundering (AML) and counter-terrorist financing (CTF) supervisory regime is comprehensive, seeking to regulate and supervise those firms most at risk from money laundering and terrorist financing. In December 2018, the Financial Action Task Force (FATF), the global standard-setter for AML/CTF, found that the UK had one of the toughest systems for combatting money laundering and terrorist financing of any country it has assessed to date.</p><p> </p><p>The Gambling Commission is the supervisory authority for casinos under the Money Laundering Regulations (MLRs). The FATF Mutual Evaluation Report found that the Gambling Commission had a good understanding of the money laundering and terrorist financing risks in the gambling sector and applied a risk-based approach to supervision.</p><p> </p><p>The Gambling Commission supervises the casino sector and regulates the gambling industry as a whole. It conducts a yearly money laundering and terrorist financing risk assessment based on emerging and inherent risks in the gambling industry. This evaluation informs its supervisory and regulatory activity ensuring it is targeted, relevant and proportionate. In the reporting period of 6 April 2018 - 5 April 2019, the Gambling Commission issued financial penalties worth £17 million in total against its supervised population for cases that included AML/CTF failings.</p><p> </p><p>In his time as Chancellor of the Exchequer, the Chancellor has not had personal discussions with the Home Secretary, the Secretary of State for Digital, Culture, Media and Sport or representatives of the gambling industry on money laundering, though there are regular official level engagements focussed on identifying these risks and demonstrating evidence of continued improvements in their effectiveness, as there are with all AML supervisors.</p> answering member constituency Salisbury answering member printed John Glen question first answered 21/07/2020 08:04:21 answering member 4051 label Biography information for John Glen
tabling member	4504 label Biography information for Wes Streeting

1225094

registered interest
date	15/07/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Gambling: Money Laundering
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what discussions he has had with the Home Secretary and the Secretary of State for Digital, Culture, Media and Sport on effective data sharing between gambling operators to tackle money laundering in the gambling industry; and if he will make a statement.
tabling member constituency	Ilford North
tabling member printed	Wes Streeting
uin	74682
answer	answer is ministerial correction date of answer 21/07/2020 answer text <p>The UK’s anti-money laundering (AML) and counter-terrorist financing (CTF) supervisory regime is comprehensive, seeking to regulate and supervise those firms most at risk from money laundering and terrorist financing. In December 2018, the Financial Action Task Force (FATF), the global standard-setter for AML/CTF, found that the UK had one of the toughest systems for combatting money laundering and terrorist financing of any country it has assessed to date.</p><p> </p><p>The Gambling Commission is the supervisory authority for casinos under the Money Laundering Regulations (MLRs). The FATF Mutual Evaluation Report found that the Gambling Commission had a good understanding of the money laundering and terrorist financing risks in the gambling sector and applied a risk-based approach to supervision.</p><p> </p><p>The Gambling Commission supervises the casino sector and regulates the gambling industry as a whole. It conducts a yearly money laundering and terrorist financing risk assessment based on emerging and inherent risks in the gambling industry. This evaluation informs its supervisory and regulatory activity ensuring it is targeted, relevant and proportionate. In the reporting period of 6 April 2018 - 5 April 2019, the Gambling Commission issued financial penalties worth £17 million in total against its supervised population for cases that included AML/CTF failings.</p><p> </p><p>In his time as Chancellor of the Exchequer, the Chancellor has not had personal discussions with the Home Secretary, the Secretary of State for Digital, Culture, Media and Sport or representatives of the gambling industry on money laundering, though there are regular official level engagements focussed on identifying these risks and demonstrating evidence of continued improvements in their effectiveness, as there are with all AML supervisors.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 21/07/2020 08:05:59 answering member 4051 label Biography information for John Glen
tabling member	4504 label Biography information for Wes Streeting

1060806

registered interest
date	13/02/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Equitable Life Assurance Society: Compensation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether he plans to (a) reopen and (b) allocate additional funding to the Equitable Life payment scheme.
tabling member constituency	Ilford North
tabling member printed	Wes Streeting
uin	220976
answer	answer is ministerial correction date of answer 20/02/2019 answer text <p>Since 2010, we have taken more action than any previous government to resolve this issue by allocating up to £1.5bn, tax free, for payment to affected policyholders. There are no plans to allocate any further funds to the Equitable Life Payment Scheme, or reopen it.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 20/02/2019 15:33:56 answering member 4051 label Biography information for John Glen
tabling member	4504 label Biography information for Wes Streeting

1000267

registered interest
date	02/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Bank Notes
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what discussions he has had with the Governor of the Bank of England on the person who will be represented on the new £50 note.
tabling member constituency	Ilford North
tabling member printed	Wes Streeting
uin	187380
answer	answer is ministerial correction date of answer 12/11/2018 answer text <p>The Bank of England is responsible for the design, production, issue and distribution of bank notes. On 2 November 2018, the Governor of the Bank of England announced that the design of the new £50 note will celebrate the UK’s contribution to science. Members of the public have until 14 December to nominate a historical character who has contributed to science and influenced UK society to feature on the note.</p> answering member constituency Salisbury answering member printed John Glen question first answered 12/11/2018 17:50:24 answering member 4051 label Biography information for John Glen
tabling member	4504 label Biography information for Wes Streeting