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<p>HM Treasury is leading negotiations for the UK on the fourth money laundering directive, proposals for which were published on 5 February 2013. Treasury officials have participated in EU Council Working Group meetings at expert level since then. Discussions in the EU Council Working Group have moved to attaché level, with the last meeting taking place on Wednesday 27 November.</p><p>I attended the 15 November ECOFIN meeting, where there was a brief update on the state of play of negotiations on the directive.</p><p>A statement from the Chancellor is not appropriate at this time. We anticipate issuing a statement following Council agreement of a general approach to proposals for the directive.</p> |