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Oral question asked in the House of Commons, by Andrew Mackinlay (Labour). It was answered on Tuesday, 15 December 2009 on behalf of the Treasury.


Financial Services (Regulation)

Question
In his discussions with the Bank of England about regulation, has the Chancellor discussed, or will he discuss, the involvement of Lloyds TSB in the practice of "stripping"—laundering money from Iran via London into the United States—which has caused it to be fined more than $300 million as a preliminary fine, which ordinary people in the UK are having to pay as a consequence of their ownership of Lloyds TSB?
Answer

No, but I know that my hon. Friend has raised the matter before. I will write to him about it. I had better do that, for the sake of completeness, and I will arrange for a copy of the letter to be placed in the Library.


Secondary information

Type
Oral question
Reference
502 c785 
Session
2009-10
Oral question type
Supplementary
Chamber / Committee
House of Commons chamber
Related items
Deposited Paper DEP2009-3213
Tuesday, 15 December 2009
Deposited papers
House of Commons
Subjects
Financial services Regulation
Link
View this Oral question on www.publications.parliament.uk