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1611799

	registered interest
	date	18/04/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Economic Crime
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, with reference to Economic crime plan 2023 to 2026, published on 30 March 2023, if he will provide a breakdown of the £200 million funding for tackling economic crime in the Spending Review period by (a) the Government Departments and agencies which will receive the funding and (b) how it breaks down into (i) resource departmental expenditure limits (RDEL), (ii) resource annually managed expenditure (AME), (iii) capital departmental expenditure limits (CDEL) and (iv) Capital AME.
	tabling member constituency	Barking
	tabling member printed	Dame Margaret Hodge
	uin	181343
	answer	answer is ministerial correction date of answer 26/04/2023 answer text The second Economic Crime Plan is underpinned by significant investment of £400 million from financial year 2022/23 to financial year 2024/25. This funding represents £200 million of government investment and £200 million from the Economic Crime (Anti-Money Laundering) Levy, which together provide sustainable, long-term funding to combat economic crime.<p> </p><p> </p><p> </p><p>The Economic Crime (Anti-Money Laundering) Levy funding will be used over the next three years to benefit the entire anti-money laundering system in both the public and private sectors. This includes investing over £100 million in technology, funding for more skilled financial crime investigators, specialist intelligence teams, and the UK Financial Intelligence Unit. Additionally, it will fund a team to accelerate the reform of the AML supervisory supervision regime. In tandem, funding announced at Spending Review 2021 will continue to support reform of the Suspicious Activity Reports regime, reform of Companies House, and the work of HM Treasury's Illicit Finance Technical Assistance Unit (TAU).</p>For further details please see the Spending Review 2021 document which can be found here:<p> </p><p> </p><p> </p><a href="https://www.gov.uk/government/publications/autumn-budget-and-spending-review-2021-documents" target="_blank">Autumn Budget and Spending Review 2021: documents - GOV.UK (www.gov.uk)</a> answering member constituency Salisbury answering member printed John Glen question first answered 26/04/2023 08:53:29 answering member 4051 label Biography information for John Glen
	tabling member	140 label Biography information for Dame Margaret Hodge

1231269

	registered interest
	date	03/09/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Freeports: Money Laundering
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps the Government plans take to ensure that its free ports policy mitigates the risk of money laundering.
	tabling member constituency	Barking
	tabling member printed	Dame Margaret Hodge
	uin	84631
	answer	answer is ministerial correction date of answer 08/09/2020 answer text The government will ensure all the necessary safeguards are in place to minimise any risk of money laundering and tax evasion and will continue to meet international standards. We have consulted widely on the introduction of our new Freeport model and are carefully considering responses. Our consultation response will set out more detail on the policy in due course. answering member constituency Salisbury answering member printed John Glen question first answered 08/09/2020 08:32:01 answering member 4051 label Biography information for John Glen
	tabling member	140 label Biography information for Dame Margaret Hodge

1353596

	registered interest
	date	07/09/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Freezing of Assets
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how many assets have been frozen in the UK as a result of financial sanctions against designated people and entities under the Global Anti-Corruption Sanctions Regulations 2021 since the regime was introduced in April 2021.
	tabling member constituency	Barking
	tabling member printed	Dame Margaret Hodge
	uin	44166
	answer	answer is ministerial correction date of answer 13/09/2021 answer text Since the launch of the Global Anti-Corruption financial sanctions regime in April 2021, an asset freeze has been imposed against 27 individuals. The Office of Financial Sanctions Implementation (OFSI) undertakes an annual review of frozen assets in the UK, requiring all persons or institutions that hold or control frozen assets in the UK to report to OFSI. That review has not yet commenced for 2021 but will commence shortly and details of frozen assets reported will be published in OFSI’s 2021-2022 Annual Review next year. answering member constituency Salisbury answering member printed John Glen question first answered 13/09/2021 10:16:48 answering member 4051 label Biography information for John Glen
	tabling member	140 label Biography information for Dame Margaret Hodge

837881

	registered interest
	date	06/02/2018
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Money Laundering: EU Law
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, whether he expects to implement the EU's fifth Anti-Money Laundering Directive fully in the (a) UK and (b) Gibraltar once the UK has left the EU.
	tabling member constituency	Barking
	tabling member printed	Dame Margaret Hodge
	uin	126911
	answer	answer is ministerial correction date of answer 12/02/2018 answer text Provisional political agreement was reached at EU-level on amendments to the Fourth Anti-Money Laundering Directive in December 2017. The Government anticipates that they will be published in the Official Journal of the EU in summer of this year with Member States then having 18 months to transpose the amendments after they enter into force.<p> </p>The Government expects that the transposition deadline for these amendments will fall after the date on which the UK ceases to be a member of the EU. Whether we are legally required to transpose the amendments will therefore depend on the negotiated outcome over the terms of the Implementation Period.<p> </p>Whether Gibraltar is legally required to transpose the Directive will similarly depend upon the negotiated outcome over the terms of the Implementation Period. answering member constituency Salisbury answering member printed John Glen question first answered 12/02/2018 15:00:26 answering member 4051 label Biography information for John Glen
	tabling member	140 label Biography information for Dame Margaret Hodge

1470360

	registered interest
	date	14/06/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Money Laundering: Public Consultation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if his Department will publish the call for evidence on the UK’s anti-money laundering and counter terrorist financing regulatory and supervisory regime by the 26 June 2022 deadline as set out in the Money Laundering Regulations.
	tabling member constituency	Barking
	tabling member printed	Dame Margaret Hodge
	uin	17858
	answer	answer is ministerial correction date of answer 20/06/2022 answer text HM Treasury issued a Call for Evidence in July 2021 to inform a review of the UK’s Anti-Money Laundering and Countering the Financing of Terrorism regime. This review will be published before the 26 June 2022 deadline as part of HM Treasury’s legal obligations under the Money Laundering Regulations 2017. answering member constituency Salisbury answering member printed John Glen question first answered 20/06/2022 06:53:26 answering member 4051 label Biography information for John Glen
	tabling member	140 label Biography information for Dame Margaret Hodge

1436746

	registered interest
	date	28/02/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Sanctions: Russia
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how many law firms have reported having designated persons as their clients under the Russian Sanctions Regulations.
	tabling member constituency	Barking
	tabling member printed	Dame Margaret Hodge
	uin	131032
	answer	answer is ministerial correction date of answer 03/03/2022 answer text <p>When individuals or firms from any sector report frozen funds or dealing with a designated person to OFSI, OFSI takes appropriate action depending on the report. Where there may be financial sanctions compliance concerns we investigate accordingly. We cannot publicise information about specific reports, or reports based on specific sectors/financial sanctions regimes, as this could prejudice ongoing investigations.</p> answering member constituency Salisbury answering member printed John Glen question first answered 03/03/2022 14:23:55 answering member 4051 label Biography information for John Glen
	tabling member	140 label Biography information for Dame Margaret Hodge

1434843

	registered interest
	date	23/02/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Office of Financial Sanctions Implementation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what the annual budget was for Office of Financial Sanctions Implementation (OFSI) for each of the last three years; and how many financial investigators are employed to work in OFSI for financial year 2021-22.
	tabling member constituency	Barking
	tabling member printed	Dame Margaret Hodge
	uin	128149
	answer	answer is ministerial correction date of answer 28/02/2022 answer text <p>The staff in post in OFSI was 37.8 FTE as at 31 March 2021. This information can be found in HM Treasury’s Outcome Delivery Plan 2021 to 2022, available at:</p><p> </p><p><a href="https://www.gov.uk/government/publications/hm-treasury-outcome-delivery-plan/hm-treasury-outcome-delivery-plan-2021-to-2022" target="_blank">https://www.gov.uk/government/publications/hm-treasury-outcome-delivery-plan/hm-treasury-outcome-delivery-plan-2021-to-2022</a></p><p> </p><p>Releasing further details of OFSI’s budget and headcount by function could prejudice its operational effectiveness.</p> answering member constituency Salisbury answering member printed John Glen question first answered 28/02/2022 15:17:07 answering member 4051 label Biography information for John Glen
	tabling member	140 label Biography information for Dame Margaret Hodge

1246558

	registered interest
	date	23/10/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Trusts: Registration
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how many HMRC staff will be deployed to examining irregularities in listings on the new Trust Registration Service.
	tabling member constituency	Barking
	tabling member printed	Dame Margaret Hodge
	uin	108198
	answer	answer is ministerial correction date of answer 02/11/2020 answer text <p>The government recognises the need for effective and proportionate measures to ensure that information held on the Trust Registration Service (TRS) is correct and up to date. We are currently working to determine the precise resources required to monitor listings on the expanded TRS once it is operational.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 02/11/2020 12:01:42 answering member 4051 label Biography information for John Glen
	tabling member	140 label Biography information for Dame Margaret Hodge

1246556

	registered interest
	date	23/10/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Trusts: Registration
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will publish guidance on the process by which commissioners of the new Trust Registration Service will allow (a) investigative journalists and (b) non-governmental organisations access to that register in line with the purpose of the fifth anti-money laundering directive.
	tabling member constituency	Barking
	tabling member printed	Dame Margaret Hodge
	uin	108196
	answer	answer is ministerial correction date of answer 02/11/2020 answer text <p>The government is currently in the process of developing guidance on the expanded version of the Trust Registration Service (TRS). This guidance will cover the circumstances and process which will apply to those seeking access to the register.</p><p> </p><p>HMRC will publish the detailed guidance in advance of the relevant provisions coming into effect.</p> answering member constituency Salisbury answering member printed John Glen question first answered 02/11/2020 12:03:20 answering member 4051 label Biography information for John Glen
	tabling member	140 label Biography information for Dame Margaret Hodge

1246555

	registered interest
	date	23/10/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Trusts: Registration
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, when the new Trust Registration Service will be operational.
	tabling member constituency	Barking
	tabling member printed	Dame Margaret Hodge
	uin	108195
	answer	answer is ministerial correction date of answer 02/11/2020 answer text <p>The government is currently expanding the Trust Registration Service to implement changes required by the Fifth Money Laundering Directive. Work on the expanded version is well underway, and HMRC will make it available to customers as soon as possible. In the meantime, the Trust Registration Service remains operational for all trusts required to register for tax purposes.</p> answering member constituency Salisbury answering member printed John Glen question first answered 02/11/2020 12:04:52 answering member 4051 label Biography information for John Glen
	tabling member	140 label Biography information for Dame Margaret Hodge