Lord Myners – 2016 Parliamentary Question to the Home Office
The below Parliamentary question was asked by Lord Myners on 2016-04-13.
To ask Her Majesty’s Government whether any enquiries have been launched into the involvement of UK financial institutions in the matter of the Malaysian state fund 1Malaysia Development Berhad.
Lord Ahmad of Wimbledon
The Government is committed to ensuring that the UK has a robust but proportionate anti-money laundering regime. The UK’s first National Risk Assessment of money laundering was published on 15 October 2015. It identified the threats and vulnerabilities faced in this area, and an Action Plan will be published shortly, clearly setting out the steps that will be taken to address them.
The Prime Minister made clear in his Singapore speech on corruption last year that the Government is determined to make sure the UK does not become a safe haven for corrupt money. The Prime Minister’s Anti-Corruption Summit in May will also consider what more the UK and our international partners can do to tackle flows of illicit finance at home and abroad.
Any investigation is an operational matter for the police and the prosecution authorities. The decision on whether to investigate a case, and then take forward a prosecution, will depend on the evidence available.
