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869437

	registered interest
	date	22/03/2018
	answering body	Attorney General
	answering dept id	88
	answering dept short name	Attorney General
	answering dept sort name	Attorney General
	hansard heading	Money Laundering
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Attorney General, pursuant to the Answer of 20 February 2018 to Question 127856 on money laundering, how many of those businesses have been fined more than once; and what the (a) average, (b) lowest and (c) highest value of those fines was.
	tabling member constituency	Newcastle upon Tyne North
	tabling member printed	Catherine McKinnell
	uin	133951
	answer	answer is ministerial correction date of answer 28/03/2018 answer text <p>The ‎work of the FCA is a matter for HMT. Officials at HMT have advised that in January 2017, the FCA fined Deutsche Bank £163 million, its largest ever financial penalty for AML failings.</p><p> </p><p>All FCA fines levied against businesses are published online. The link to the webpage can be found below:</p><p> </p><p><a href="https://www.fca.org.uk/news/news-stories/2017-fines" target="_blank">www.fca.org.uk/news/news-stories/2017-fines</a></p><p> </p><p>HMT does not hold data on how many firms have been fined more than once, the lowest fine, nor the average value of fines.</p> answering member constituency South Swindon answering member printed Robert Buckland question first answered 28/03/2018 14:53:35 answering member 4106 label Biography information for Sir Robert Buckland previous answer version 49945 answering member constituency South Swindon answering member printed Robert Buckland answering member 4106 label Biography information for Sir Robert Buckland
	tabling member	4125 label Biography information for Catherine McKinnell

1037283

	registered interest
	date	08/01/2019
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Money Laundering
	house id	1
	legislature	25259 pref label House of Commons
	question text	What steps he is taking to tackle money laundering.
	tabling member constituency	Glasgow Central
	tabling member printed	Alison Thewliss
	uin	908448
	answer	answer is ministerial correction date of answer 08/01/2019 answer text <p>The Financial Action Task Force has just completed a landmark review of the UK’s regime for tackling money laundering, concluding that we have some of the strongest controls in the world.</p><p> </p><p>We are building on our strengths. In the last six months, the Department has published a draft bill to tackle money laundering in the property market; set out reforms to tackle misuse of limited partnerships; and committed to consulting on reforms to Companies House.</p> answering member constituency Rochester and Strood answering member printed Kelly Tolhurst question first answered 08/01/2019 15:30:20 answering member 4487 label Biography information for Kelly Tolhurst
	tabling member	4430 label Biography information for Alison Thewliss

982780

	registered interest
	date	08/10/2018
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Money Laundering
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment the Government has made of the potential merits of imposing stronger penalties on people found to have set up shell companies to launder money.
	tabling member constituency	East Antrim
	tabling member printed	Sammy Wilson
	uin	176169
	answer	answer is ministerial correction date of answer 16/10/2018 answer text <p>Individuals setting up a company must provide information on who ultimately owns and controls the company and keep this information up to date, in line with the requirements of the People with Significant Control register. It can assist law enforcement in their investigations of alleged criminal behaviour, including money laundering. Companies House carries out a number of checks on all information received, ensuring it is valid, complete, and in compliance with company filing requirements. When it detects or receives intelligence relating to suspicious actions, including possible money laundering, Companies House will report the information to the relevant enforcement body. The UK’s anti-money laundering regime is currently being evaluated by the Financial Action Task Force, which will report in due course. Following this evaluation, the Government will consider areas where the anti-money laundering framework can be improved.</p> answering member constituency Rochester and Strood answering member printed Kelly Tolhurst question first answered 16/10/2018 16:24:56 answering member 4487 label Biography information for Kelly Tolhurst
	tabling member	1593 label Biography information for Sammy Wilson

1281879

	registered interest
	date	28/01/2021
	answering body	Foreign, Commonwealth and Development Office
	answering dept id	208
	answering dept short name	Foreign, Commonwealth and Development Office
	answering dept sort name	Foreign, Commonwealth and Development Office
	hansard heading	Money Laundering
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assessment they have made of the use of Delaware-based shell companies for (1) international money laundering, and (2) financing international terrorism; and what plans they have, if any, to raise this at the next G7 summit.
	tabling member printed	Lord Blencathra
	uin	HL12692
	answer	answer is ministerial correction date of answer 12/02/2021 answer text <p>In December 2020, the Government published the UK's third National Risk Assessment of Money Laundering and Terrorism Financing, which presents a comprehensive understanding of the risk of money laundering and the financing of terrorism through the UK. The assessment also covers the risks posed to the UK by activities in overseas jurisdictions. The UK has not conducted any assessment into Delaware specifically.</p><p>During its Presidency of the G7 this year, the UK will seek to promote action on corporate transparency, asset recovery, and the implementation of international anti-corruption standards, to build collective security, prosperity and trust in our institutions.</p> answering member printed Lord Ahmad of Wimbledon question first answered 12/02/2021 10:19:45 answering member 4210 label Biography information for Lord Ahmad of Wimbledon
	tabling member	497 label Biography information for Lord Blencathra

839302

	registered interest
	date	08/02/2018
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Money Laundering
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how many people have been (a) convicted and (b) fined under the Money Laundering Regulations 2007 by offence since 2010.
	tabling member constituency	Oxford East
	tabling member printed	Anneliese Dodds
	uin	127856
	answer	answer is ministerial correction date of answer 20/02/2018 answer text <p>Since 2010, over 9700 people in England and Wales have been successfully convicted for money laundering offences – most of these are under the Proceeds of Crime Act 2002 (POCA) which provides for various money laundering offences, including where an individual knows or suspects they may be facilitating money laundering or seeks to conceal criminal property. The Money Laundering Regulations 2007 and the subsequent update, the Money Laundering Regulations 2017 (MLRs) focus on ensuring regulated businesses put in place controls to guard against money laundering or terrorist finance. Supervisors are appointed by the Treasury to monitor compliance with these regulations and primarily use a range of supervisory tools to promote compliance, including warning notices, action plans, financial penalties or withdrawal of the right to practice. The vast majority of breaches of the MLRs are remedied or penalised using these supervisory tools. Since 2010 there were over 3,539 fines issued on firms and individuals across the regime.</p> answering member constituency Salisbury answering member printed John Glen question first answered 20/02/2018 17:16:01 answering member 4051 label Biography information for John Glen
	tabling member	4657 label Biography information for Anneliese Dodds

1363044

	registered interest
	date	25/10/2021
	answering body	Home Office
	answering dept id	1
	answering dept short name	Home Office
	answering dept sort name	Home Office
	hansard heading	Money Laundering
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for the Home Department, how many and what total value of (a) fines have been imposed and (b) assets confiscated as a result of action taken by the National Crime Agency in relation to money laundering and other economic crime in each of the last five years.
	tabling member constituency	Thirsk and Malton
	tabling member printed	Kevin Hollinrake
	uin	62779
	answer	answer is ministerial correction date of answer 02/11/2021 answer text <p>The National Crime Agency do not issue or collect court fines.</p><p>For assets confiscated by the National Crime Agency see the Annual Asset Recovery Statistical Bulletin 2020/21 published in September, which contains data going back to 2016. This is available here: <a href="https://www.gov.uk/government/statistics/asset-recovery-statistical-bulletin-financial-years-ending-2016-to-2021/asset-recovery-statistical-bulletin-financial-years-ending-2016-to-2021" target="_blank">Asset recovery statistical bulletin: financial years ending 2016 to 2021 - GOV.UK (www.gov.uk)</a></p> answering member constituency East Hampshire answering member printed Damian Hinds question first answered 02/11/2021 17:57:22 answering member 3969 label Biography information for Damian Hinds previous answer version 29706 answering member constituency East Hampshire answering member printed Damian Hinds answering member 3969 label Biography information for Damian Hinds
	tabling member	4474 label Biography information for Kevin Hollinrake

1419740

	registered interest
	date	03/02/2022
	answering body	Home Office
	answering dept id	1
	answering dept short name	Home Office
	answering dept sort name	Home Office
	hansard heading	Money Laundering
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government, further to the National Crime Agency's seizure of millions of pounds derived from the Azerbaijan laundromat on 31 January, what steps they intend to take, if any, against complicit shell companies registered in the UK.
	tabling member printed	Baroness Cox
	uin	HL5920
	answer	answer is ministerial correction date of answer 15/02/2022 answer text <p>Recognising the operational independence of law enforcement, the Home Office cannot comment on any ongoing cases.</p><p>The Government is committed to reforming the role of Companies House and improving transparency over UK companies and property, to strengthen our business environment and combat economic crime.</p><p>We announced our plans to reform Companies House in September 2020 and in 2021, we consulted on more detailed aspects of the reforms, and we will respond soon. The Government’s plans will deliver significant improvements to the integrity of the UK’s register of companies and assist greatly in the fight against economic crime. These reforms will include the identity verification of directors, People with Significant Control and those filing on behalf of a company, and new powers for the registrar to query and check information.</p><p>We are also continuing to finalise the draft Registration of Overseas Entities legislation, which underwent pre-legislative scrutiny in 2019, to align with the broader reform of Companies House and our plans to verify the data it holds. We are amending this draft legislation in line with the committee’s recommendations.</p><p>We will introduce legislation to implement the Register of Overseas Entities and the broader reforms of Companies House when parliamentary time allows.</p> answering member printed Baroness Williams of Trafford question first answered 15/02/2022 15:25:29 answering member 4311 label Biography information for Baroness Williams of Trafford
	tabling member	3364 label Biography information for Baroness Cox

872224

	registered interest
	date	26/03/2018
	answering body	Home Office
	answering dept id	1
	answering dept short name	Home Office
	answering dept sort name	Home Office
	hansard heading	Money Laundering
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for the Home Department, what assessment she has made of the effectiveness of the Flag it up campaign; and if she will make a statement.
	tabling member constituency	Hornsey and Wood Green
	tabling member printed	Catherine West
	uin	134138
	answer	answer is ministerial correction date of answer 05/04/2018 answer text <p>The Home Office’s Flag It Up campaign is delivered in partnership with the accountancy and legal sectors, as well as law enforcement partners, to deter professionals within these sectors from potential involvement in money laundering.</p><p>A robust range of measures are in place to evaluate the impact of this intervention.</p><p>Evaluation of the previous phase demonstrated that professionals who recognised Flag It Up were twice as likely to say they submitted a Suspicious Activity Report either to their Money Laundering Reporting Officer or directly to the NCA, compared to professionals who did not recognise the campaign.</p><p>Evaluation of the current phase of the campaign is ongoing and will be available in May.</p> answering member constituency Wyre and Preston North answering member printed Mr Ben Wallace question first answered 05/04/2018 12:06:33 answering member 1539 label Biography information for Mr Ben Wallace
	tabling member	4523 label Biography information for Catherine West

1545467

	registered interest
	date	24/11/2022
	answering body	Home Office
	answering dept id	1
	answering dept short name	Home Office
	answering dept sort name	Home Office
	hansard heading	Money Laundering
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for the Home Department, how many Suspicious Activity Reports linked to sanctioned individuals or entities are currently being closely monitored by the UK Financial Intelligence Unit, broken down by (a) country of origin of the designated person or entity and (b) sector.
	tabling member constituency	Barking
	tabling member printed	Dame Margaret Hodge
	uin	95761
	answer	answer is ministerial correction date of answer 02/12/2022 answer text <p>The National Crime Agency is tasked with investigating criminal sanctions evasion and high-end money laundering, and the NCA’s UK Financial Intelligence Unit (UKFIU) has national responsibility for the receipt, analysis and dissemination of Suspicious Activity Reports (SARs), including SARs linked to sanctioned individuals and entities.</p><p>For reasons of operational security, we are not able to provide further details publicly.</p> answering member constituency Tonbridge and Malling answering member printed Tom Tugendhat question first answered 02/12/2022 13:17:00 answering member 4462 label Biography information for Tom Tugendhat
	tabling member	140 label Biography information for Dame Margaret Hodge

1545470

	registered interest
	date	24/11/2022
	answering body	Home Office
	answering dept id	1
	answering dept short name	Home Office
	answering dept sort name	Home Office
	hansard heading	Money Laundering
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for the Home Department, how many Suspicious Activity Reports were submitted by sectors not under money laundering regulation broken down by (a) country of origin of the person or entity concerned, and (b) whether they relate to (i) universities, (ii) schools, (iii) PR agents, (iv) charities and foundations, (v) business intelligence and (vi) other sectors in the last three financial years.
	tabling member constituency	Barking
	tabling member printed	Dame Margaret Hodge
	uin	95762
	answer	answer is ministerial correction date of answer 02/12/2022 answer text <p>The SARs database does not easily identify the breakdown criteria requested. We are unable to provide that detail.</p> answering member constituency Tonbridge and Malling answering member printed Tom Tugendhat question first answered 02/12/2022 13:14:17 answering member 4462 label Biography information for Tom Tugendhat
	tabling member	140 label Biography information for Dame Margaret Hodge