Money Laundering: British Overseas Territories and Crown Dependencies

Treasury written question – answered on 9th September 2019.

Alert me about debates like this

Photo of Stephen Gethins Stephen Gethins Shadow SNP Spokesperson (Foreign and Commonwealth Office)

To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential risk of the misuse of financial investment treaties to launder money in the Crown Dependencies and the UK’s Overseas Territories.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

The government assesses a range of money laundering and terrorist financing risks to the UK through the joint Treasury and Home Office National Risk Assessment (NRA). This includes considering risks in other jurisdictions that may facilitate money laundering or terrorist financing activity in the UK. The last NRA was published in October 2017 and can be found here: https://www.gov.uk/government/publications/national-risk-assessment-of-money-laundering-and-terrorist-financing-2017. The next NRA will be published by July 2020.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.