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Written question asked by John Bercow (Conservative) on Wednesday, 8 November 2000, in the House of Commons. It was due for an answer on Wednesday, 15 November 2000. It was answered by Melanie Johnson (Labour) on Wednesday, 15 November 2000 on behalf of the Treasury.


Treasury

Question
To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 2 November 2000, 355 c613W, on money laundering, which identification measures for clients involved in distance transactions it is his policy to introduce.
Answer

Mr. Bercow: To ask the Chancellor of the Exchequer, pursuant to the answer of 2 November 2000, Official Report, column 613W, on money laundering, which identification measures for clients involved in distance transactions it is his policy to introduce. [138033] Miss Melanie Johnson: All persons and institutions subject to the Money Laundering Regulations 1993 must identify their customer at the start of an ongoing business relationship, when carrying out a one-off transaction of more than 15,000 euro, or where there is a suspicion that a transaction is related to money laundering. These obligations apply for face to face and distance transactions.


Secondary information

Type
Written question
Reference
356 c714-5W; 138033
Session
1999-00
Subjects
EU law Proceeds of crime
Link
View this Written question on www.publications.parliament.uk