Treasury: Offshore Funds:Written question - 14764

Asked by Tulip Siddiq
(Hampstead and Kilburn)
Asked on: 10 February 2020
Treasury: Offshore Funds
To ask the Chancellor of the Exchequer, whether his Department’s (a) anti-fraud and (b) anti-money laundering procedures monitor (i) payments by his Department to offshore accounts and (ii) the use of offshore accounts by his Department's (A) suppliers and (B) senior staff.
Answered by: John Glen
Answered on: 13 February 2020

The Department has extensive anti-fraud and anti-money laundering procedures in making payments including verifying the identity of suppliers and staff, and the validity of payment details.

All suppliers and public office holders are expected to comply with the law as it applies to offshore banking activity.

Ministers and Civil Servants also uphold the standards of conduct as set out in the Ministerial and Civil Service Code respectively, as well as the seven principles of public life.

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