§ Mr. Dobson
asked the Chancellor of the Exchequer in what circumstances a financial institution is obliged by regulation to inform the police of international money transactions.
§ Mr. Ian Stewart
[pursuant to his reply, 8 December 1986]: There is no obligation on financial institutions to take the initiative to inform the police in legislation for which my right hon. Friend the Chancellor of the Exchequer is responsible, although the Bank of England, the director of savings and the Building Societies Commission have powers to disclose information to the police in certain circumstances.