{"value":{"id":1840005,"memberId":4508,"member":null,"memberRole":"Baroness in Waiting (Government Whip)","uin":"HLWS947","dateMade":"2025-10-13T00:00:00","answeringBodyId":53,"answeringBodyName":"Cabinet Office","title":"Correction to the Anti-Money Laundering Supervision Reform - PQ HL8160","text":"<p>My Right Honourable friend, the Minister of State without Portfolio, the Rt Hon Anna Turley MP, has today made the following statement:</p><p>It has been brought to my attention by officials that the Cabinet Office's written answer to Lord Booth's Parliamentary Question (HL6032) was inaccurate. Through this statement, I would like to apologise for the inaccuracy on behalf of the department. The department takes its responsibility to provide accurate information in response to Parliamentary Questions seriously.</p><p>On 5 June 2025, Lord Booth asked His Majesty's Government the following question: &quot;further to the Written Answer by Baroness Anderson of Stoke-on-Trent on 10 April (HL6032): what estimate they have made of the annual cost of the Anti-Money Laundering Supervision Reform Body.&quot;</p><p>On 19 June 2025, the Lords Spokesperson for the Cabinet Office, Baroness Anderson, answered: &quot;HM Treasury is responsible for assessing the potential cost of the Anti-Money Laundering Supervision Reform Body as part of their business case development. The Cabinet Office does not centrally estimate costs for departments’ proposals. The Government has conducted a full line-by-line Spending Review which covered the proposed costs of the Anti-Money Laundering Supervision Reform Body to ensure value for money is being delivered for the taxpayer.&quot;</p><p>I now wish to correct the record by providing the following response:</p><p>&quot;HM Treasury ran a public consultation on potential reforms to the UK's Anti-Money Laundering / Counter-Terrorist Financing supervision system in 2023, which included the potential establishment of a new public Supervision Reform Body. A decision on the policy to pursue has not yet been made, meaning no such new Anti-Money Laundering / Counter-Terrorist Financing Supervision Reform Body was included in the recent Spending Review. The Government remains committed to Anti-Money Laundering / Counter-Terrorist Financing supervision reform and will announce a policy in due course.&quot;</p><p> </p>","house":"Lords","noticeNumber":0,"hasAttachments":false,"hasLinkedStatements":true,"linkedStatements":[{"linkedStatementId":1839988,"linkType":"JointStatement","linkDate":"2025-10-13T00:00:00"}],"attachments":[]},"links":[{"rel":"self","href":"/Statements/1840005","method":"GET"}]}