Free Zones: Money Laundering

(asked on 3rd September 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps the Government plans take to ensure that its free ports policy mitigates the risk of money laundering.


Answered by
John Glen Portrait
John Glen
Paymaster General and Minister for the Cabinet Office
This question was answered on 8th September 2020
The government will ensure all the necessary safeguards are in place to minimise any risk of money laundering and tax evasion and will continue to meet international standards. We have consulted widely on the introduction of our new Freeport model and are carefully considering responses. Our consultation response will set out more detail on the policy in due course.
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