Question

To ask the Secretary of State for Business, Innovation and Skills, whether UK Export Finance monitors the use of booking centres as part of its anti-money laundering policy.

UK Export Finance does not monitor the use of booking centres as such, but undertakes anti-money laundering due diligence on the export transactions it is asked to support which includes, and is not limited to, requiring written assurances in relation to money laundering from the institution, normally a bank, from which the UKEF-supported export credit loan is booked and disbursed.