To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential risk of the misuse of financial investment treaties to launder money in the Crown Dependencies and the UK’s Overseas Territories.
9 September 2019
The government assesses a range of money laundering and terrorist financing risks to the UK through the joint Treasury and Home Office National Risk Assessment (NRA). This includes considering risks in other jurisdictions that may facilitate money laundering or terrorist financing activity in the UK. The last NRA was published in October 2017 and can be found here: https://www.gov.uk/government/publications/national-risk-assessment-of-money-laundering-and-terrorist-financing-2017. The next NRA will be published by July 2020.