Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, with reference to the Answer of 12 May 2016 to Question 36479, to where the £10 million funding for the multi-agency taskforce has been allocated; and what proportion of that funding has not yet been allocated.

The cross-agency task force will be led by HM Revenue and Customs and the National Crime Agency in collaboration with all relevant agencies, including the Serious Fraud Office and the Financial Conduct Authority. Between them, these agencies have some of the most sophisticated technology, experts and resources to tackle money laundering and tax evasion anywhere in the world.

The funding for the taskforce will be distributed as appropriate via the supplementary estimates process.