Treasury

Money Laundering and Transfer of Funds etc Regulations 2018

There has been an 80% reduction in Scottish limited partnerships.

[Official Report, Second Delegated Legislation Committee, 8 January 2019; c. 10.]

Work is being done across the Treasury, the Home Office and the MOJ to look at how we can refine that.

[Official Report, Second Delegated Legislation Committee, 8 January 2019; c. 11.]

Errors have been identified in my contribution to the debate on the Money Laundering and Transfer of Funds (Information) (Amendment) (EU Exit) Regulations 2018.

The correct statements should have been:

There has been an 80% reduction in new registrations of Scottish limited partnerships.

Work is being done across the Treasury, the Home Office, the NCA and law enforcement agencies to look at how we can refine that.