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.