Question to the HM Treasury:

To ask Her Majesty's Government whether (1) the Chancellor of the Exchequer, or (2) HM Treasury, has, in the last three months, directed or advised the Financial Conduct Authority to investigate any specific companies, trusts or individuals in connection with possible money laundering.

The Chancellor of the Exchequer and HM Treasury pass information on specific allegations to the Financial Conduct Authority (FCA) as appropriate. The Treasury sets the legal framework for the regulation of financial services. However, the FCA is operationally independent and HM Treasury has no power to direct the FCA, in relation to any individual cases.