An overview of how business interruption insurance policies have been interpreted in the context of the coronavirus pandemic.
Documents to download
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Money laundering law (461 KB, PDF)
This note sets out the main features of the UK’s money laundering legislation which is comprised largely of legislation derived from the EU Third and Fourth Money Laundering Directives.
This note concentrates especially on the impact of the legislation on the financial services industry and upon professional services, such as accountants and solicitors, who are most exposed to the law.
It notes that the guidance given to institutions is interpreted differently both between institutions and over time. the burdens in terms of compliance are great, however, the benefits, in terms of a safer financial system, are less easy to measure even though they may be considerable.
Another Standard Note – SN/BT/3366 – deals with the practical problems of attempting to prove identity when trying to open a bank account.
Documents to download
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Money laundering law (461 KB, PDF)
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The European Investment Bank lends to projects that contribute to growth and employment within Europe. This briefing gives a short overview of the Bank's membership and operation, and its future relationship with the UK.
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There is growing concern that the debt collection practices of public sector bodies have fallen behind the standard of regulated creditors in the private sector. Practices have often been criticised as being unfair to the debtor and inefficient, possibly resulting in higher long-term costs to the taxpayer. The impact of the coronavirus pandemic on debts owed to public bodies is not yet known, but it is likely to have led to further indebtedness.
