SCHEDULES

SCHEDULE 7Terrorist financing and money laundering

Part 8Supplementary and general

Report to Parliament

38

(1)

As soon as reasonably practicable after the end of each calendar year, the Treasury must—

(a)

prepare a report about their exercise during that year of their functions under this Schedule, and

(b)

lay a copy of the report before Parliament.

(2)

Sub-paragraph (1) does not apply in relation to a year if no direction under this Schedule is in force at any time in that year.