Moved by
Lord Watson of Invergowrie
19: After Clause 28, insert the following new Clause—
“Obligations relating to anti-money-laundering compliance: review
Within two weeks of the passing of this Act, the Chancellor of the Exchequer shall make a Written Statement to the House of Commons stating whether the provisions of this Act bind the Financial Conduct Authority to include anti-money-laundering compliance as one of the obligations covered under the new personal responsibility mechanisms created by the material the Act inserts into FSMA 2000 including, but not limited to, the senior management functions, Banking Standard Rules and Senior Persons Regime.”