Money Laundering: UK Parliamentarians — Question

Part of the debate – in the House of Lords at 2:50 pm on 14 October 2014.

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Photo of Lord Deighton Lord Deighton The Commercial Secretary to the Treasury 2:50, 14 October 2014

I am not sure that there is a particular answer to that. I think that I have been extremely clear about what we are trying to accomplish. I accept where the challenges are and I accept that we need to do a lot of work with the banks on the implementation of the rules to make sure that they are proportionate.