Tag: Charles Walker

The below Parliamentary question was asked by Charles Walker on 2016-03-18.

To ask the Secretary of State for Education, what estimate her Department has made of the number of its senior civil servants who will potentially fall under the provisions of the Fourth EU Money Laundering Directive, 2015/849; and what assessment she has made of which of her Department’s agencies or other public bodies will potentially be classed as holding a prominent public function for the purposes of that directive.

Nick Gibb

Under the Fourth Anti-Money Laundering Directive, which will be transposed into national law by June 2017, a politically exposed person is one who has been entrusted with a prominent public function domestically or by a foreign country. This would include some senior civil servants, such as ambassadors and chargés d’affaires. The Government’s view is that the Directive permits a risk-based approach to the identification of whether an individual is a politically exposed person and, when identified, the Directive enables the application of different degrees of enhanced measures to reflect the risks posed. The Government will be setting out this view in a consultation which will be published shortly.

The changes proposed under the Directive should not prevent any individual in this category from gaining or maintaining access to financial services. The Treasury regularly raises these issues with financial institutions and the regulator, and we encourage financial institutions to take a proportionate, risk-based approach when applying these measures.

The below Parliamentary question was asked by Charles Walker on 2016-03-23.

To ask Mr Chancellor of the Exchequer, what assessment he has made of the likely effect of the Fourth Money Laundering Directive on the ability in future of members of the House of Lords to continue to serve on the boards of banks and financial services companies; and if he will make a statement.

Harriett Baldwin

Under the Fourth Anti-Money Laundering Directive, which will be transposed into national law by June 2017, a politically exposed person is one who has been entrusted with a prominent public function domestically or by a foreign country. The Government will publish an Impact Assessment in due course. This will set out the benefits and costs for businesses in a wide range of sectors, including banking and financial services.

The changes proposed under the Directive should not prevent any individual in this category from gaining or maintaining access to financial services. Board appointments will remain a matter for individual banks and financial services companies in line with relevant codes and regulations. The Treasury regularly raises the Directive with financial institutions and the regulator, and we encourage financial institutions to take a proportionate, risk-based approach when applying these measures.

The below Parliamentary question was asked by Charles Walker on 2016-04-26.

To ask the Secretary of State for Foreign and Commonwealth Affairs, what assessment he has made of the potential risk of civil war in Nigeria as a result of the policy of the government of Nigeria on Biafra.

James Duddridge

The UK fully supports the territorial integrity of Nigeria and President Buhari’s commitment to work for a secure and prosperous Nigeria for all Nigerians. We are committed to working with Nigeria to help tackle threats to Nigeria’s security and to address the underlying causes of instability which exist within Nigeria. We do not assess that there is institutionalised persecution of the Igbo or any other peoples by the Nigerian authorities.

We are not aware of any patterns of land confiscation in Nigeria by the Nigerian Government. Nigeria does face the challenge of inter-communal violence between farmers and herdsmen over land, farming rights, grazing routes and access to water. We are aware that the Nigerian legislature is currently debating a bill on grazing routes and reserves for Nigerian herdsmen. Part of that debate focuses on balancing the rights of land owners with the requirements of herder communities.

Through our development assistance the UK supports initiatives to reduce these conflicts and build bridges between communities. We will continue to work with the Nigerian Government, non-governmental organisations and civil society to improve the security situation and human rights for all the people of Nigeria.

The below Parliamentary question was asked by Charles Walker on 2016-01-25.

To ask Mr Chancellor of the Exchequer, what revenue has accrued to the Exchequer from the use of fixed odds betting terminals in each of the last four complete financial years; and if he will make a statement.

Damian Hinds

Total Machine Games Duty (MGD) receipts for the years ending 31 March 2015 and 2014 were £562 million and £502 million. Total Amusement Machine Licence Duty receipts for the years ending 31 March 2013 and 2012 were £151million and £219 million.

Receipts from fixed odds betting terminals are not separately identified in the figures published in HMRC’s Tax & Duty bulletin. The bulletin can be found here:

https://www.uktradeinfo.com/Statistics/Pages/TaxAndDutyBulletins.aspx

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The below Parliamentary question was asked by Charles Walker on 2016-03-18.

To ask the Secretary of State for Health, what estimate his Department has made of the number of its senior civil servants who will potentially fall under the provisions of the Fourth EU Money Laundering Directive, 2015/849; and what assessment he has made of which of his Department’s agencies or other public bodies will potentially be classed as holding a prominent public function for the purposes of that directive.

Jane Ellison

The Government’s view is that the Directive permits a risk-based approach to the identification of whether an individual is a politically exposed person and, when identified, the Directive enables the application of different degrees of enhanced measures to reflect the risks posed. The Government will be setting out this view in a consultation which will be published shortly.

The changes proposed under the Directive should not prevent any individual in this category from gaining or maintaining access to financial services. The Treasury regularly raises these issues with financial institutions and the regulator, and we encourage financial institutions to take a proportionate, risk-based approach when applying these measures.

The below Parliamentary question was asked by Charles Walker on 2016-03-23.

To ask the Secretary of State for Culture, Media and Sport, what assessment he has made of the likely effect of the Fourth Money Laundering Directive on the ability in future of Members of the House of Lords to continue to serve on the board of the BBC; and if he will make a statement.

Mr Edward Vaizey

The BBC is not a relevant person under the Money Laundering Regulations and as such appointees to the BBC Board would not be affected.

The below Parliamentary question was asked by Charles Walker on 2016-05-25.

To ask Mr Chancellor of the Exchequer, what assessment his Department has made of trends in the level of banks closing accounts of money service businesses on grounds relating to adherence to money-laundering regulations since July 2013.

Harriett Baldwin

The FCA have recently published a report on the nature and scale of de-risking in the UK. The report reinforces the view that de-risking is driven by a variety of factors, not just anti money-laundering compliance or a fear of regulatory action. From a data set of 23 banks the report noted that “tracking the proportionately tiny number of closures linked to financial crime concerns within this immense dataset is thus inherently challenging, especially if the reason for closure is primarily commercial, with a small component of the equation relating to ‘increased compliance costs’.”

However the report does indicate that the rate of customer exits has accelerated over the last 2-3 years.

Data from HM Revenue and Customs (the supervisor of Money Service Businesses outside the banking sector) shows that there are about 2000 MSB’s principals registered to trade with approximately 45,000 agents around the UK. It is a large and diverse sector. HMRC does hold data on the number of de-registered MSB’s, however given that MSB’s are not required to provide HMRC with information on when they have had their bank accounts closed, data on MSB’s effected by de-risking is not available.

The below Parliamentary question was asked by Charles Walker on 2016-01-25.

To ask the Secretary of State for Culture, Media and Sport, what discussion his Department has had since May 2015 on limiting the maximum stake on fixed odds betting terminals; and if he will make a statement.

David Evennett

On 21 January the Government published its evaluation of the £50 regulations introduced in April 2015. You can find it here:

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/493714/Evaluation_of_Gaming_Machine__Circumstances_of_Use___Amendment__Regulations_2015.pdf

The evaluation indicates that a large proportion of players of FOBTs may now be making a more conscious choice to control their playing behaviour and their stake level. We will now consider the findings of the evaluation before deciding if there is a need for further action.

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The below Parliamentary question was asked by Charles Walker on 2016-03-18.

To ask the Secretary of State for International Development, what estimate her Department has made of the number of its senior civil servants who will potentially fall under the provisions of the Fourth EU Money Laundering Directive, 2015/849; and what assessment she has made of which of her Department’s agencies or other public bodies will potentially be classed as holding a prominent public function for the purposes of that directive.

Mr Desmond Swayne

Under the Fourth Anti-Money Laundering Directive, which will be transposed into national law by June 2017, a politically exposed person is one who has been entrusted with a prominent public function domestically or by a foreign country. This would include some senior civil servants, such as ambassadors and chargés d’affaires. The Government’s view is that the Directive permits a risk-based approach to the identification of whether an individual is a politically exposed person and, when identified, the Directive enables the application of different degrees of enhanced measures to reflect the risks posed. The Government will be setting out this view in a consultation which will be published shortly.

The changes proposed under the Directive should not prevent any individual in this category from gaining or maintaining access to financial services. The Treasury regularly raises these issues with financial institutions and the regulator, and we encourage financial institutions to take a proportionate, risk-based approach when applying these measures.

The below Parliamentary question was asked by Charles Walker on 2016-03-23.

To ask the Secretary of State for Defence, what steps he plans to take to ensure that no bank accounts of military personnel are closed as a result of the Fourth Money Laundering Directive while they are on active service; and if he will make a statement.

Mark Lancaster

There is no reason why the bank accounts of any military personnel would be closed as a result of the Fourth Money Laundering Directive, whether or not they were on active service, unless financial institutions suspected individuals of fraudulent activity.