Written question asked by Lord Spens (Crossbench), in the House of Lords. It was due for an answer on Monday, 24 May 1993. It was answered by Earl of Caithness (Conservative) on Monday, 24 May 1993.

Caithness, RtHonEarl

Question: Whether HMG are aware of the policy of the Bank of England in relation to Schedule 3 to the Banking Act 1987 that "no supervisory action is required on the Bank's part" to investigate the promotion of advance-fee loan fraud schemes by the London branches of certain Dutch banks & if so, whether this inactivity has their approval; & whether the spread of advance-fee loan frauds is an activity which should properly be the subject of supervision by the Bank of England.

Secondary information