Diana Johnson – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Diana Johnson on 2016-10-18.

To ask Mr Chancellor of the Exchequer, whether he plans to (a) transpose the EU’s fourth anti-money laundering directive into law, (b) continue to participate in measures to share details on the beneficial ownership of companies and (c) participate in the European Financial Intelligence Unit system following the UK’s exit from the EU; and what steps he is taking so that the UK can continue to participate in those schemes.

Simon Kirby

Until the UK leaves the EU, the government intends to implement and apply EU legislation, including the Fourth Money Laundering Directive. The UK is and will continue to be at the forefront of international efforts to exchange information on the beneficial ownership of companies and trusts. The UK will continue to work with international partners, including through the Financial Intelligence Unit network, to tackle money laundering and other transnational threats. As near neighbours, EU Member States are particularly important partners and we will continue to cooperate with them closely.