Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what recent discussions he has had with representatives of (a) HSBC, (b) Barclays and (c) Standard Chartered about allegations that their banks have been involved in money laundering by senior officials in world football administration.

The UK has a comprehensive anti-money laundering (AML) and counter financing of terrorism regime‎ and we are committed to ensuring our financial system is a hostile environment for illicit finances.

The Treasury is responsible for appointing AML supervisors, including the Financial Conduct Authority (FCA). The FCA is responsible for ensuring compliance of financial institutions (including HSBC, Barclays, and Standard Chartered) with their AML requirements.

The FCA is operationally independent from Government and carries out its functions within the framework of statutory objectives and duties agreed by Parliament.

The FCA is discussing with banks whether the FIFA episode has highlighted weaknesses in their AML systems and controls.