§ Harry CohenTo ask the Chancellor of the Exchequer whether he has received the French parliamentary report The City of London, Gibraltar and the Crown Dependencies: offshore centres, sanctuaries for dirty money; and if he will make a statement. [97081]
§ Mr. BoatengThe 'Montebourg Report' of October 1991 made a number of unfounded allegations without supporting evidence about terrorist money laundering in the City of London, Gibraltar and the Crown Dependencies. These claims were refuted at the time of publication by the UK Government and by the authorities of Gibraltar and the Crown Dependencies. The UK has stringent laws to combat money laundering and the financing of terrorism. The Proceeds of Crime Act 2002 further enhances controls and the Financial Services Authority takes vigorous action to enforce 181W these controls. It is also the policy of Gibraltar and the Crown Dependencies to take the firmest measures to combat money laundering and terrorist financing.