Money Laundering: UK Relations with EU
The question
To ask the Chancellor of the Exchequer, what discussions she has had with the Paymaster General on including the topic of cooperation on anti money laundering in the agenda for the next EU-UK summit.
Answered by Rachel Blake
The Chancellor of the Exchequer and the Paymaster General regularly meet to discuss a range of topics, including cooperation with the European Union.
The UK works closely with the EU and its Member States through a range of established fora, including the EU‑UK Trade and Cooperation Agreement structures and the Joint EU‑UK Financial Regulatory Forum, where anti‑money laundering issues are discussed.
In addition, the UK and European Commission are members of the Financial Action Task Force (FATF), which sets international standards on counter illicit finance. The FATF meets three times a year and provides an opportunity to discuss anti-money laundering issues with the Commission and EU member states.
The Government remains committed to strengthening UK‑EU cooperation on tackling money laundering.
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