Written Question·Treasury·UIN 13110
Electronic Commerce: Money Laundering
Tabled: 6 November 2024
Answered: 14 November 2024
Question
Phil Brickell
Labour — Bolton West
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential implications for her policies of the number of (a) Suspicious Activity Reports and (b) Defence Against Money Laundering Suspicious Activity Reports from electronic pay
Answer
Tulip SiddiqHM Treasury’s Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 place requirements onto electronic payment providers to establish policies, controls and procedures to mitigate the risks of money launde...
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