§ Mr. BercowTo ask the Chancellor of the Exchequer, pursuant to the answer of 2 November 2000,Official 715W Report, column 613W, on money laundering, which identification measures for clients involved in distance transactions it is his policy to introduce. [138033]
§ Miss Melanie JohnsonAll persons and institutions subject to the Money Laundering Regulations 1993 must identify their customer at the start of an ongoing business relationship, when carrying out a one-off transaction of more than 15,000 euro, or where there is a suspicion that a transaction is related to money laundering. These obligations apply for face to face and distance transactions.