Question to the Cabinet Office:

To ask His Majesty's Government, further to the Written Answer by Baroness Anderson of Stoke-on-Trent on 10 April (HL6032), what estimate they have made of the annual cost of the Anti-Money Laundering Supervision Reform Body.

HM Treasury is responsible for assessing the potential cost of the Anti-Money Laundering Supervision Reform Body as part of their business case development. The Cabinet Office does not centrally estimate costs for departments’ proposals.

The Government has conducted a full line-by-line Spending Review which covered the proposed costs of the Anti-Money Laundering Supervision Reform Body to ensure value for money is being delivered for the taxpayer.