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1002541

registered interest
date	06/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Sanctions and Anti-money Laundering Act 2018
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what estimate he has made of the money which will accrue to the public purse as a result of the coming into force of the Sanctions and Anti-Money Laundering Act 2018; and for what reason that estimate was not published in the Avoidance and Evasion section of Budget 2018.
tabling member constituency	Bishop Auckland
tabling member printed	Helen Goodman
uin	188751
answer	answer is ministerial correction date of answer 12/11/2018 answer text <p>The Sanctions and Anti-Money Laundering Act 2018 created no new monetary penalties for financial sanctions or anti-money laundering breaches. Any monetary penalties for breaches of financial sanctions imposed using the powers established by the Act will be paid into the Consolidated fund. No estimates have been made of the value of such potential penalties, or any other consequential implications for the public finances.</p> answering member constituency Salisbury answering member printed John Glen question first answered 12/11/2018 17:37:52 answering member 4051 label Biography information for John Glen
tabling member	1484 label Biography information for Helen Goodman

885387

registered interest
date	17/04/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Action Task Force
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will publish the agenda for the Financial Action Task Force plenary meeting in June 2018.
tabling member constituency	Bishop Auckland
tabling member printed	Helen Goodman
uin	136250
answer	answer is ministerial correction date of answer 23/04/2018 answer text <p>The Financial Action Task Force (FATF) is the international standard-setting body for Anti-Money laundering (AML) and countering the financing of terrorism (CFT). The FATF Plenary, its decision-making body, meets three times a year.</p><p> </p><p>Due to the sensitive nature of Plenary discussions, agendas are not made public ahead of meetings. As is usual, following the June Plenary we will place a letter in the House library to update on developments at FATF.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 23/04/2018 12:27:41 answering member 4051 label Biography information for John Glen
tabling member	1484 label Biography information for Helen Goodman

870243

registered interest
date	23/03/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Money Laundering
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will set out all companies that have been fined by HMRC for breaching the Money Laundering Regulations 2017 after June 2017.
tabling member constituency	Bishop Auckland
tabling member printed	Helen Goodman
uin	134107
answer	answer is ministerial correction date of answer 28/03/2018 answer text <p>As part of the new Money Laundering Regulations introduced in June 2017, HMRC has a duty to publish information about penalties charged under the Regulations.</p><p> </p><p>Publishing decisions will be made on a case-by-case basis, considering proportionality, size of penalties and any impact on the financial markets or an ongoing investigation. These considerations will inform whether HMRC publishes with full identity, anonymously or not at all in a listing on GOV.UK.</p><p> </p><p>HMRC is currently considering all relevant penalty cases and, where appropriate, will publish details on GOV.UK shortly and on an ongoing basis thereafter. All businesses receiving a penalty under the new regulations have been informed of HMRC’s duty to publish.</p><p> </p><p>This requirement was not in the Money Laundering Regulations 2007 and the details of any penalties issued under those regulations cannot be published or disclosed.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 28/03/2018 16:37:39 answering member 3935 label Biography information for Mel Stride
tabling member	1484 label Biography information for Helen Goodman

861149

registered interest
date	13/03/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Money Laundering: Prosecutions
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, pursuant to the answer of 5 March 2018 to Question 130173, on Money Laundering: Prosecutions, if he will list the individuals successfully prosecuted under the Money Laundering Regulations 2007 in (a) 2016-17 and (b) 2017-18.
tabling member constituency	Bishop Auckland
tabling member printed	Helen Goodman
uin	132298
answer	answer is ministerial correction date of answer 16/03/2018 answer text <p>HMRC is not able to disclose the information requested.</p><p><strong> </strong></p> answering member constituency Central Devon answering member printed Mel Stride question first answered 16/03/2018 13:45:41 answering member 3935 label Biography information for Mel Stride
tabling member	1484 label Biography information for Helen Goodman

855756

registered interest
date	05/03/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Sanctions
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 21 February 2018 to Question 126717, if he will publish (a) the total value of suspected breaches to each sanctioned country and terrorist group, (b) which banks and financial institutions are suspected of having breached the sanctions; and (c) criminal and other action taken against those responsible for suspected breaches of sanctions.
tabling member constituency	Bishop Auckland
tabling member printed	Helen Goodman
uin	131062
answer	answer is ministerial correction date of answer 08/03/2018 answer text <p>The total value of suspected breaches reported to OFSI in 2017 was approximately £1.4 billion. OFSI does not publish a breakdown of suspected breaches by each sanctioned country and terrorist group.</p><p> </p><p>OFSI does not publish information about individuals or entities suspected to have breached financial sanctions. OFSI assesses all cases of suspected non-compliance with the regulations and takes the appropriate action in each case. Appropriate action may include: taking no further action; issuing a warning letter; using information powers to require the provision of information on how a person who has breached the regulations will improve compliance in the future; using information powers to share information with appropriate regulatory bodies, where that furthers or ensures compliance with the financial sanctions regulations; or referring the most serious cases to law enforcement agencies for criminal investigation. It is a matter for law enforcement to make any referrals to the Crown Prosecution Service.</p><p> </p><p>The Government demonstrated its commitment to ensure more robust implementation of financial sanctions by establishing the Office of Financial Sanctions Implementation (OFSI) in March 2016 and bringing forward new powers in the Policing and Crime Act 2017 to strengthen enforcement, including the power to impose monetary penalties for breaches of financial sanctions. Under that Act, the Treasury is required to publish reports about the imposition of monetary penalties when it considers it appropriate. OFSI does not publish reports of compliance actions other than monetary penalties.</p> answering member constituency Salisbury answering member printed John Glen question first answered 08/03/2018 15:34:48 answering member 4051 label Biography information for John Glen
tabling member	1484 label Biography information for Helen Goodman

855757

registered interest
date	05/03/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Sanctions
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how many breaches of financial sanctions there were in (a) 2014, (b) 2015 and (c) 2016; and what the aggregate value of such breaches was.
tabling member constituency	Bishop Auckland
tabling member printed	Helen Goodman
uin	131063
answer	answer is ministerial correction date of answer 08/03/2018 answer text <p>The Office of Financial Sanctions Implementation (OFSI) was established on 31 March 2016. Prior to the establishment of OFSI there were 441 reports of suspected breaches to HM Treasury between September 2013 and December 2015.</p><p> </p><p>As of 7 March 2018, 107 cases reported to OFSI in 2016 have been determined as breaches, with an approximate aggregate value of £281 million. Some cases reported to OFSI in 2016 are still under investigation and therefore this figure may be subject to change.</p> answering member constituency Salisbury answering member printed John Glen question first answered 08/03/2018 15:32:57 answering member 4051 label Biography information for John Glen
tabling member	1484 label Biography information for Helen Goodman