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631263

registered interest
date	07/11/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Companies: Registration
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, which anti-money laundering supervisory body is responsible for supervising the Trust and Company Services Provider that registered Hansa Investment LP (SL017965).
tabling member constituency	Kirkcaldy and Cowdenbeath
tabling member printed	Roger Mullin
uin	52018
answer	answer is ministerial correction date of answer 14/11/2016 answer text <p>Under the Money Laundering Regulations 2007, HM Revenue and Customs supervises those Trust or Company Service Providers that do not fall under the supervision of the Financial Conduct Authority or legal or accountancy professional bodies. This includes company formation agents that register companies using Companies House web incorporation. HMRC is responsible for identifying firms that should be registered for supervision but are not. Supervisors, including HMRC, do not have access to details of all the transactions carried out by the firms supervised, and do not know which companies have been set up by specific agents.</p> answering member constituency Brighton, Kemptown answering member printed Simon Kirby grouped question UIN 52014 52015 52016 52017 52019 question first answered 14/11/2016 11:17:38 answering member 3929 label Biography information for Simon Kirby
tabling member	4468 label Biography information for Roger Mullin

631264

registered interest
date	07/11/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Companies: Registration
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, which anti-money laundering supervisory body is responsible for supervising the Trust and Company Services Provider that registered Intratex Sales LP (SL010150).
tabling member constituency	Kirkcaldy and Cowdenbeath
tabling member printed	Roger Mullin
uin	52019
answer	answer is ministerial correction date of answer 14/11/2016 answer text <p>Under the Money Laundering Regulations 2007, HM Revenue and Customs supervises those Trust or Company Service Providers that do not fall under the supervision of the Financial Conduct Authority or legal or accountancy professional bodies. This includes company formation agents that register companies using Companies House web incorporation. HMRC is responsible for identifying firms that should be registered for supervision but are not. Supervisors, including HMRC, do not have access to details of all the transactions carried out by the firms supervised, and do not know which companies have been set up by specific agents.</p> answering member constituency Brighton, Kemptown answering member printed Simon Kirby grouped question UIN 52014 52015 52016 52017 52018 question first answered 14/11/2016 11:17:38 answering member 3929 label Biography information for Simon Kirby
tabling member	4468 label Biography information for Roger Mullin

631271

registered interest
date	07/11/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Companies: Registration
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, which anti-money laundering supervisory body is responsible for supervising the Trust and Company Services Provider that registered Tennant Shipping LP (SL017645).
tabling member constituency	Kirkcaldy and Cowdenbeath
tabling member printed	Roger Mullin
uin	52014
answer	answer is ministerial correction date of answer 14/11/2016 answer text <p>Under the Money Laundering Regulations 2007, HM Revenue and Customs supervises those Trust or Company Service Providers that do not fall under the supervision of the Financial Conduct Authority or legal or accountancy professional bodies. This includes company formation agents that register companies using Companies House web incorporation. HMRC is responsible for identifying firms that should be registered for supervision but are not. Supervisors, including HMRC, do not have access to details of all the transactions carried out by the firms supervised, and do not know which companies have been set up by specific agents.</p> answering member constituency Brighton, Kemptown answering member printed Simon Kirby grouped question UIN 52015 52016 52017 52018 52019 question first answered 14/11/2016 11:17:38 answering member 3929 label Biography information for Simon Kirby
tabling member	4468 label Biography information for Roger Mullin

631272

registered interest
date	07/11/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Companies: Registration
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, which anti-money laundering supervisory body is responsible for supervising the Trust and Company Services Provider that registered Expovision Logistics LP (SL018533).
tabling member constituency	Kirkcaldy and Cowdenbeath
tabling member printed	Roger Mullin
uin	52015
answer	answer is ministerial correction date of answer 14/11/2016 answer text <p>Under the Money Laundering Regulations 2007, HM Revenue and Customs supervises those Trust or Company Service Providers that do not fall under the supervision of the Financial Conduct Authority or legal or accountancy professional bodies. This includes company formation agents that register companies using Companies House web incorporation. HMRC is responsible for identifying firms that should be registered for supervision but are not. Supervisors, including HMRC, do not have access to details of all the transactions carried out by the firms supervised, and do not know which companies have been set up by specific agents.</p> answering member constituency Brighton, Kemptown answering member printed Simon Kirby grouped question UIN 52014 52016 52017 52018 52019 question first answered 14/11/2016 11:17:38 answering member 3929 label Biography information for Simon Kirby
tabling member	4468 label Biography information for Roger Mullin

631273

registered interest
date	07/11/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Companies: Registration
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, which anti-money laundering supervisory body is responsible for (a) identifying and (b) supervising the activities of agents who register UK Limited Companies via Companies House Web Incorporation.
tabling member constituency	Kirkcaldy and Cowdenbeath
tabling member printed	Roger Mullin
uin	52016
answer	answer is ministerial correction date of answer 14/11/2016 answer text <p>Under the Money Laundering Regulations 2007, HM Revenue and Customs supervises those Trust or Company Service Providers that do not fall under the supervision of the Financial Conduct Authority or legal or accountancy professional bodies. This includes company formation agents that register companies using Companies House web incorporation. HMRC is responsible for identifying firms that should be registered for supervision but are not. Supervisors, including HMRC, do not have access to details of all the transactions carried out by the firms supervised, and do not know which companies have been set up by specific agents.</p> answering member constituency Brighton, Kemptown answering member printed Simon Kirby grouped question UIN 52014 52015 52017 52018 52019 question first answered 14/11/2016 11:17:38 answering member 3929 label Biography information for Simon Kirby
tabling member	4468 label Biography information for Roger Mullin

631274

registered interest
date	07/11/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Companies: Registration
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, which anti-money laundering supervisory body is responsible for supervising the Trust and Company Services Provider that registered Pondmarsh LLP (OC362610).
tabling member constituency	Kirkcaldy and Cowdenbeath
tabling member printed	Roger Mullin
uin	52017
answer	answer is ministerial correction date of answer 14/11/2016 answer text <p>Under the Money Laundering Regulations 2007, HM Revenue and Customs supervises those Trust or Company Service Providers that do not fall under the supervision of the Financial Conduct Authority or legal or accountancy professional bodies. This includes company formation agents that register companies using Companies House web incorporation. HMRC is responsible for identifying firms that should be registered for supervision but are not. Supervisors, including HMRC, do not have access to details of all the transactions carried out by the firms supervised, and do not know which companies have been set up by specific agents.</p> answering member constituency Brighton, Kemptown answering member printed Simon Kirby grouped question UIN 52014 52015 52016 52018 52019 question first answered 14/11/2016 11:17:38 answering member 3929 label Biography information for Simon Kirby
tabling member	4468 label Biography information for Roger Mullin

625865

registered interest
date	31/10/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Financial Services: Organised Crime
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what information his Department holds on the number of financial services firms registered with the Financial Conduct Authority which have been identified by the US Department of Homeland Security as being elements of transnational criminal organisations.
tabling member constituency	Kirkcaldy and Cowdenbeath
tabling member printed	Roger Mullin
uin	51159
answer	answer is ministerial correction date of answer 03/11/2016 answer text <p>This is an operational matter for the Financial Conduct Authority (FCA), who are operationally independent from Government. The question has been passed on to the FCA. The FCA will reply directly to the honourable member by letter. A copy of the letter will be placed in the Library of the House.</p> answering member constituency Brighton, Kemptown answering member printed Simon Kirby question first answered 03/11/2016 08:53:20 answering member 3929 label Biography information for Simon Kirby
tabling member	4468 label Biography information for Roger Mullin

625866

registered interest
date	31/10/2016
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 Mr Chancellor of the Exchequer, what measures (a) the Government, (b) law enforcement agencies and (c) financial regulators have put in place to ensure that unregulated payments are not being used for money laundering.
tabling member constituency	Kirkcaldy and Cowdenbeath
tabling member printed	Roger Mullin
uin	51160
answer	answer is ministerial correction date of answer 03/11/2016 answer text <p>The UK has a comprehensive anti-money laundering and counter terrorist financing (AML/CTF) regime and we are committed to ensuring our financial system is a hostile environment for illicit finances.</p><p> </p><p>The international AML/CTF standards, set by the Financial Action Task Force (FATF), form the basis of EU legislation, which is incorporated into various pieces of UK law, predominantly the Money Laundering Regulations (2007). There are over 150,000 businesses regulated under the Money Laundering Regulations. This includes financial institutions, lawyers, accountants, casinos and high value dealers.</p><p> </p><p>Virtual currencies are not currently regulated in the UK for AML purposes, but the UK announced at the March 2015 Budget the intention to bring virtual currency exchanges into the scope of AML/CTF regulations and this is taking place as part of the 4<sup>th</sup> Money Laundering Directive (4MLD).</p><p> </p><p>Our law enforcement agencies investigate money laundering regardless of the payment methods used. The Action Plan for anti-money laundering and counter-terrorist finance, published in April 2016, set out how the Government will strengthen the law enforcement response to money laundering, including through the creation of tough new powers. The Criminal Finances Bill, currently before Parliament, will deliver this commitment.</p> answering member constituency Brighton, Kemptown answering member printed Simon Kirby question first answered 03/11/2016 16:32:10 answering member 3929 label Biography information for Simon Kirby
tabling member	4468 label Biography information for Roger Mullin

625867

registered interest
date	31/10/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Financial Services: ICT
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what the Government's policy is on oversight of globally operating electronic payment systems using virtual UK places of business.
tabling member constituency	Kirkcaldy and Cowdenbeath
tabling member printed	Roger Mullin
uin	51161
answer	answer is ministerial correction date of answer 03/11/2016 answer text <p>There is a robust regulatory regime in place that ensures that appropriate payment systems have regulatory oversight from a financial stability and a competition perspective.</p><p> </p><p>The Banking Act 2009 gives the Treasury the power to specify any inter-bank payment systems to be within the scope of oversight of the Bank of England where disruption to these systems could threaten the stability of the UK financial system, or have serious consequences for business or other interests in the UK.</p><p> </p><p>The Government intends to further strengthen the framework for regulatory oversight through an amendment made to the Digital Economy Bill. This will broaden the types of payment systems that HM Treasury can designate for supervision by the Bank of England to include non-bank payment systems, such as a digital currency network. This will ensure that the Treasury and the Bank of England can respond in a prompt and appropriate manner should a non-bank payment system grow rapidly and become systemically important. There are no such systems at present that the Treasury would wish to specify for supervision.</p><p> </p><p>In addition to this, in April 2015 a new Payment Systems Regulator was launched as the economic regulator for the UK’s payment systems industry, with the objectives of promoting competition, innovation and the interest of end users in the sector.</p> answering member constituency Brighton, Kemptown answering member printed Simon Kirby question first answered 03/11/2016 08:55:07 answering member 3929 label Biography information for Simon Kirby
tabling member	4468 label Biography information for Roger Mullin

625868

registered interest
date	31/10/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Tax evasion
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how (a) the Government, (b) law enforcement agencies and (c) financial regulators prevent the use of unregulated payments systems for the purpose of UK tax evasion.
tabling member constituency	Kirkcaldy and Cowdenbeath
tabling member printed	Roger Mullin
uin	51162
answer	answer is ministerial correction date of answer 03/11/2016 answer text <p>HM Revenue and Customs (HMRC) works with a wide range of Government partners, law enforcement agencies and financial regulatory bodies to identify new and emerging risk areas, including the potential abuse of regulated payment systems or the development of unregulated payment systems, which could facilitate tax evasion. HMRC contributed extensively to the development of the UK’s National Risk Assessment for Money Laundering and Terrorist Financing, which included identification of risks associated with traditional and non-traditional payment systems.</p><p> </p><p>HMRC uses its own supervisory powers under the Money Laundering Regulations 2007 to work closely with its supervised entities to ensure they have processes and systems in place to identify potential abuses of payment systems regardless of the predicate criminality, albeit, HMRC can share specific indicators of risk associated with tax evasion. This allows HMRC to take a multi-faceted approach to monitor and respond to risk using the full range of its civil investigation, criminal investigation and supervisory capabilities.</p><p> </p><p>HMRC also works with international partners such as the money laundering supervisory bodies in the United States, Canada, Australia and New Zealand, the Financial Action Taskforce, and the OECD’s Taskforce on Tax Crimes.</p> answering member constituency Battersea answering member printed Jane Ellison question first answered 03/11/2016 17:41:14 answering member 3918 label Biography information for Jane Ellison
tabling member	4468 label Biography information for Roger Mullin