HC Deb 23 July 1996 vol 282 cc157-8W
Mr. Austin Mitchell

To ask the Secretary of State for the Home Department if he will list the number of incidents of money laundering referred to the National Criminal Intelligence Service for each year since its inception indicating the sources of information and the number of referrals about and from(a) accountants and (b) lawyers. [37824]

Mr. Maclean

All disclosures of suspicious financial transactions made under the money laundering legislation are passed to the financial intelligence and money laundering section of the National Criminal Intelligence Service—NCIS. The total number of disclosures made for each year since the inception of NCIS in April 1992 are as follows:

Year Disclosures
1992 11,281
1993 12,750
1994 15,007
1995 13,710
1996 (to date) 7,416

Information about the number of disclosures made that relate to solicitors or accountants is not held centrally. However, the number of disclosures made by solicitors and accountants are as follows:

Year Solicitors Accountants
1992 4 1
1993 4 2
1994 86 6
1995 213 44
1996 (to date) 168 34

Other sources of disclosures cannot be retrieved easily for each of the years in question. However, in 1995 the sources of disclosures were:

Origin of disclosure Percentage of total
Banks and building societies 80
Insurance companies 5
Bureau de change 4
Solicitors and accountants 2
Origin of disclosure Percentage of total
Independent financial advisers 1
Credit/debit companies 0.5
Industry regulators 0.1
Other sources accounting for less than 1 per cent, each (e.g. car/boat salesman) 7