§ Mr. Gordon PrenticeTo ask the Chancellor of the Exchequer if he will assess the benefits of restricting the use of cash for payment for goods and services in excess of a determined figure as a means of tackling money laundering; and if he will make a statement. [46202]
§ Ruth Kelly[holding answer 25 March 2002]: HMT will shortly consult on proposals for revision of the 1993 Money Laundering Regulations, implementing the Second EC Money Laundering Directive and taking into account changes made in the Proceeds of Crime Bill. In this context we will be considering all options to tackle money laundering, in consultation with law enforcement agencies, industry stakeholders and consumers.