§ Mr. MitchellTo ask the President of the Board of Trade what actions her Department has taken in respect of accountancy firms and their partners judged by the High Court case of AGIP (Africa) Limitedv. Jackson and Co. to have facilitated money laundering. [31340]
459W
§ Mr. Ian McCartneyWe have kept under review all the investigations undertaken on this matter. Action against money laundering is not, however, the responsibility of this Department. The remarks made during the civil case were considered by the appropriate bodies—by the Serious Fraud Office and the Police (with regard to criminal prosecution), and by the Institute of Chartered Accountants of England and Wales (ICAEW) (with a view to possible disciplinary action). After investigation no basis for any action was found.