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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

824566

registered interest
date	17/01/2018
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, what assessment he has made of (a) progress on implementing the Fourth EU Anti-Money Laundering Directive, (b) the performance of HM Revenue and Customs as administrators of the central register and (c) the effectiveness of the IT system used by HM Revenue and Customs to facilitate financial agents in undertaking registrations on behalf of their clients.
tabling member constituency	Witham
tabling member printed	Priti Patel
uin	123367
answer	answer is ministerial correction date of answer 22/01/2018 answer text <p>Responses to the consultation on transposing EU Fourth EU Anti-Money Laundering Directive into UK law generally supported the Government’s proposed approach to the new registration system.</p><p> </p><p>Since its implementation, HMRC have supported users of the Trust Registration Service (TRS) through newsletters, webinars, guidance, a dedicated helpline and meetings with professional and tax representative bodies. HMRC have enabled registration where agents do not have all the data required by law but have made all reasonable efforts to find it, and have also extended the registration deadlines from 5 October 2017 and 31 January 2018 to 5 January 2018 and 5 March 2018, respectively.</p><p> </p><p>The TRS will allow HMRC to collect, hold, retrieve and share information with Law Enforcement Authorities to help identify and disrupt suspicious activity involving the misuse of trusts for money laundering or terrorist financing.</p> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 123368 question first answered 22/01/2018 15:14:44 answering member 3935 label Biography information for Mel Stride
tabling member	4066 label Biography information for Priti Patel

824567

registered interest
date	17/01/2018
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, what reports he has received on the time taken for financial agents to register Trusts in accordance with the Fourth EU Anti-Money Laundering Directive; if he will instruct HM Revenue and Customs to extend the deadlines for completing submissions and registrations; and if he will make a statement.
tabling member constituency	Witham
tabling member printed	Priti Patel
uin	123368
answer	answer is ministerial correction date of answer 22/01/2018 answer text <p>Responses to the consultation on transposing EU Fourth EU Anti-Money Laundering Directive into UK law generally supported the Government’s proposed approach to the new registration system.</p><p> </p><p>Since its implementation, HMRC have supported users of the Trust Registration Service (TRS) through newsletters, webinars, guidance, a dedicated helpline and meetings with professional and tax representative bodies. HMRC have enabled registration where agents do not have all the data required by law but have made all reasonable efforts to find it, and have also extended the registration deadlines from 5 October 2017 and 31 January 2018 to 5 January 2018 and 5 March 2018, respectively.</p><p> </p><p>The TRS will allow HMRC to collect, hold, retrieve and share information with Law Enforcement Authorities to help identify and disrupt suspicious activity involving the misuse of trusts for money laundering or terrorist financing.</p> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 123367 question first answered 22/01/2018 15:14:44 answering member 3935 label Biography information for Mel Stride
tabling member	4066 label Biography information for Priti Patel

710453

registered interest
date	13/03/2017
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, what progress has been made in transposing into UK law the Fourth Money Laundering Directive.
tabling member constituency	East Londonderry
tabling member printed	Mr Gregory Campbell
uin	67616
answer	answer is ministerial correction date of answer 16/03/2017 answer text <p>The Treasury launched a consultation on the transposition of the Fourth Money Laundering Directive in September 2016, which closed in November 2016. The Government has published its response to the consultation, setting out the policy decisions that have been taken. The response is accompanied by a consultation on draft Money Laundering Regulations, which will be open for four weeks. The Government intends that the new Money Laundering Regulations will come into force by 26 June 2017.</p> answering member constituency Brighton, Kemptown answering member printed Simon Kirby question first answered 16/03/2017 11:46:17 answering member 3929 label Biography information for Simon Kirby
tabling member	1409 label Biography information for Mr Gregory Campbell

679318

registered interest
date	26/01/2017
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	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government when they intend to announce their policy with regard to the implementation of the EU Fourth Anti-Money Laundering Directive; and what assessment they have made of its impact on the bookmaking sector.
tabling member printed	Lord Lipsey
uin	HL5032
answer	answer is ministerial correction date of answer 09/02/2017 answer text <p>The government will publish a response to its consultation on transposing the EU Fourth Money Laundering Directive, shortly. It will include a draft of the new Money Laundering Regulations and will be open for a four week consultation. The draft regulations will reflect government positions on a number of policies including whether gambling service providers are exempt from the directives requirements.</p> answering member printed Baroness Neville-Rolfe question first answered 09/02/2017 14:53:20 answering member 4284 label Biography information for Baroness Neville-Rolfe
tabling member	2492 label Biography information for Lord Lipsey

517371

registered interest
date	04/05/2016
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, pursuant to the Answer to Question 23205 of 22 January 2016, when the consultation on transposition of the EU's Fourth Anti-Money Laundering Directive will begin.
tabling member constituency	Hampstead and Kilburn
tabling member printed	Tulip Siddiq
uin	36602
answer	answer is ministerial correction date of answer 11/05/2016 answer text <p>The consultation on the transposition of the EU’s 4<sup>th</sup> Anti-Money Laundering Directive will take place later this year and, once issued, will run for 12 weeks.</p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 11/05/2016 10:35:32 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	4518 label Biography information for Tulip Siddiq

453665

registered interest
date	22/02/2016
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, when he plans to consult on the transposition of the fourth anti-money-laundering directive.
tabling member constituency	Swansea East
tabling member printed	Carolyn Harris
uin	27588
answer	answer is ministerial correction date of answer 25/02/2016 answer text <p>In June 2015, the fourth EU Anti-Money Laundering Directive (‘the Directive) was formally adopted. Member States have up until June 2017 to transpose the Directives requirements, into national law.</p><p> </p><p>With regards to the Government’s plans to consult on the transposition of the Directive, it intends to do so by early spring, with consultation running for a full 12 weeks. The consultation will cover areas where the Directive has given us options or direction on how we transpose its provisions, as well as areas where we can improve the UK’s anti-money laundering and counter financing of terrorism (AML/CFT) regime.</p><p> </p><p>By undertaking this work, we are further ensuring that our anti-money laundering and counter-financing of terrorism regime is robust and sufficiently responsive to emerging threats.</p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 25/02/2016 17:38:20 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	4480 label Biography information for Carolyn Harris

445864

registered interest
date	19/01/2016
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, how he plans to assess the effectiveness of the implementation in the UK of the EU Anti-Money Laundering Directive.
tabling member constituency	East Londonderry
tabling member printed	Mr Gregory Campbell
uin	23205
answer	answer is ministerial correction date of answer 22/01/2016 answer text <p>The EU’s fourth Anti-Money Laundering Directive (‘the Directive’) was formally adopted in June 2015, and Member States now have until June 2017 to transpose its requirements into national law. The Government plans to publish a consultation on transposition of the Directive by early spring which will run for a full 12 weeks. We will consult on areas where the Directive gives us options or discretion on how we transpose its provisions as well as areas where we can improve the UK’s anti-money laundering and counter-financing of terrorism (AML/CFT) regime.</p><br /><p>Transposition of the Directive is just one element of the Government’s comprehensive Anti-Money Laundering regime. HM Treasury and Home Office are working closely on a forthcoming Action Plan to address the issues identified in the UK’s first National Risk Assessment of Money Laundering and Terrorist Financing, in order to increase the effectiveness of the AML/CFT regime. This work is overseen jointly by Home Office and Treasury Ministers.</p><br /><p>Scrutinising all aspects of the UK’s AML/CFT regime, the Financial Action Task Force (FATF) Mutual Evaluation of the United Kingdom will be the ultimate test of effectiveness and will take place in the course of 2017 and 2018. The FATF Mutual Evaluation will judge both the technical compliance and effectiveness of the UK’s AML/CFT regime. But the implementation of the Directive will be key to achieving a successful evaluation, as the Directive will enact the FATF standards into UK domestic law.</p><br /><p>By undertaking this work, we are further ensuring that our anti-money laundering and counter-financing of terrorism regime is robust and sufficiently responsive to emerging threats.</p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 22/01/2016 12:37:43 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	1409 label Biography information for Mr Gregory Campbell

100746

registered interest
date	23/10/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
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, what assessment he has made of the potential effect of the proposed revision of EU Anti-Money Laundering Directive on individuals and companies in the UK.
tabling member constituency	Belfast North
tabling member printed	Mr Nigel Dodds
uin	211714
answer	answer is ministerial correction date of answer 30/10/2014 answer text <p>The 4<sup>th</sup> EU Anti-Money Laundering Directive transposes the global standards on anti-money laundering and counter-terrorism finance set by the Financial Action Task Force (FATF) in 2012. These standards further embed the risk-based approach, which allow obliged entities, including companies, to adopt anti-money laundering checks which are best suited to the risk they face in their everyday business. This allows for more proportionate and balanced anti-money laundering regimes across the EU including in the UK.</p><p> </p><p> </p><p> </p><p>The Directive is currently in its last stage of negotiations. The UK government is committed to publishing an impact assessment and to consulting on the implementation of the Directive before transposing its new requirements into UK legislation, in line with better regulation principles. This timing is necessary to ensure that any Impact Assessment accurately reflects any changes to the draft legislation agreed in negotiations.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 30/10/2014 16:46:41 answering member 4117 label Biography information for Andrea Leadsom
tabling member	1388 label Biography information for Lord Dodds of Duncairn