§ Dr. CableTo ask the Chancellor of the Exchequer if the seven banks referred to by the Managing Director of the Financial Services Authority on 8 March in connection with weaknesses in money laundering prevention are fully compliant. [5296]
§ Ruth KellyThe exercise of powers under the Banking Act 1987 is a matter for the FSA.
§ Dr. CableTo ask the Chancellor of the Exchequer if he will make a statement on the results of discussions between the Financial Services Authority, the law enforcement agencies and the banks following money laundering allegations in the case of the Abacha family. [5295]
§ Ruth KellyThe discussions are a matter for the parties concerned. It is not the policy of the Government to comment on possible on-going investigations.