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Accounting Firms (Money Laundering)

Volume 330: debated on Wednesday 5 May 1999

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To ask the Secretary of State for Trade and Industry if he will make a statement on the powers available to him for investigating the affairs of accountancy firms judged by the High Court to have knowingly laundered money. [82648]

The Department has no powers as envisaged by my hon. Friend; money laundering is primarily a matter for the police and the conduct of accountancy firms for their professional body.