Asked by: Deidre Brock (Scottish National Party - Edinburgh North and Leith)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what funding is available through the Scottish Government for victims of contaminated blood.
Answered by Steve Barclay
Following UK government decisions at Spending Round 2019, the Scottish Government benefited from an increase of over £1.3 billion in the Barnett-based block grant, which will therefore increase to £34.5 billion in 2020-21. This is the biggest day-to-day funding settlement for Scotland in a decade.
It is for the Scottish Government to allocate this funding across their devolved responsibilities, including to victims of contaminated blood if they so choose.
Asked by: Deidre Brock (Scottish National Party - Edinburgh North and Leith)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what steps he is taking to implement the Fifth Anti-Money Laundering Directive of the EU.
Answered by John Glen
The government transposed the vast majority of the provisions in the Fifth Anti-Money Laundering Directive into domestic law through, ‘The Money Laundering and Terrorist Financing (Amendment) Regulations 2019’, which came into force on 10 January 2020.
This transposition ensures the UK’s AML/CTF regime remains comprehensive, responsive to emerging threats, and in line with evolving international standards set by the Financial Action Task Force.
The consultation on the implementation of the Directive committed to a further technical consultation on the details of the implementation of measures related to trust registration. This consultation will launch in early 2020 and will ensure the Trust Registration Service contains a robust and proportionate framework, which will be transposed into domestic law during 2020.
Asked by: Deidre Brock (Scottish National Party - Edinburgh North and Leith)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what his policy is on preventing banks in the UK being used as depositories in the laundering of state funds from other nations.
Answered by John Glen
HM Treasury is responsible for the Money Laundering Regulations 2017 (‘the Regulations’). The Regulations set out the high-level requirements on regulated firms to combat money laundering and ensure that key professionals identify their customers and understand the purpose behind transactions, including the source of funds. The Regulations are designed to combat illicit finance, while minimising the burden on legitimate customers.
The Regulations require firms in scope of the regulations to have in place appropriate risk-management systems and procedures to determine whether a customer (or their beneficial owner) is a Politically Exposed Person (PEP), family member of a PEP or close associate of a PEP.
PEPs are individuals entrusted with a prominent public function. This definition includes but is not limited to heads of state, heads of government, ministers and deputy or assistant ministers, members of parliament or of similar legislative bodies.
PEPs can pose a high money laundering risk because they may be able to abuse their position for private gain. Not all PEPs, however, pose the same money laundering risk; there is a hierarchy depending on country of origin and rank, from middle tier officials to individuals with significant or absolute control over the levers, patronage and resources in a given area. For example, the Financial Conduct Authority’s guidance states that UK PEPs should be considered as lower risk.
Where a firm has identified that a customer (or their beneficial owner) is a PEP, family member or close associate of a PEP, it must conduct an appropriate range of Enhanced Due Diligence (EDD) measures. When carrying out EDD on PEPs, firms must take adequate measures to establish the source of wealth and source of funds which are involved in the proposed transaction or business relationship, get approval from senior management to establish or continue a relationship with that person and carry out enhanced monitoring of the business relationship.
Asked by: Deidre Brock (Scottish National Party - Edinburgh North and Leith)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will publish the correspondence between the Chancellor of the Duchy of Lancaster and HMRC on support to SMEs in the event that the UK leaves the EU without an agreement.
Answered by Jesse Norman - Shadow Leader of the House of Commons
In line with the practice of successive administrations, details of ministerial discussions and correspondence are not normally disclosed.
Asked by: Deidre Brock (Scottish National Party - Edinburgh North and Leith)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether (a) his Department, (b) his Department's agencies and (c) his Department's associated public bodies have entered into contracts with Emerdata Limited in the last year.
Answered by Robert Jenrick
No contracts have been entered into with this company.