To ask Mr Chancellor of the Exchequer, which anti-money laundering supervisory body is responsible for supervising the Trust and Company Services Provider that registered Intratex Sales LP (SL010150).
Answered on
14 November 2016
Under the Money Laundering Regulations 2007, HM Revenue and Customs supervises those Trust or Company Service Providers that do not fall under the supervision of the Financial Conduct Authority or legal or accountancy professional bodies. This includes company formation agents that register companies using Companies House web incorporation. HMRC is responsible for identifying firms that should be registered for supervision but are not. Supervisors, including HMRC, do not have access to details of all the transactions carried out by the firms supervised, and do not know which companies have been set up by specific agents.