Extracts from Parliamentary Proceedings - Dec 6
Thursday, 7 December 2017 08:59
Extract from committee stage (Lords) (day 3) of the Sanctions
and Anti-Money Laundering Bill Lord Hain (Lab):...In my speech at
Second Reading on 1 November 2017, I described a vivid context for
this Bill: the massive money laundering organised from the very top
of government in South Africa—the presidency itself—and the
systematic transnational financial crime network facilitated by
an Indian/South African family, the Guptas, and the
presidential family, the Zumas....Request free trial
Extract from
committee stage (Lords) (day 3) of the Sanctions and
Anti-Money Laundering Bill
(Lab):...In my speech at
Second Reading on 1 November 2017, I described a vivid context for
this Bill: the massive money laundering organised from the very top
of government in South Africa—the presidency itself—and the
systematic transnational financial crime network facilitated by
an Indian/South African family, the Guptas,
and the presidential family, the Zumas. British-based financial
institutions such as HSBC, Standard Chartered, the Bank of Baroda
and other international institutions have been conduits for
laundering hundreds of millions of pounds or billions of rands,
mostly through Dubai and Hong Kong...
(Con):...I was
sorry that the noble Baroness who introduced this amendment brought
in human rights. I have had the privilege of working and living in
Pakistan, India and Sri Lanka and I know that
part of the world extremely well. Legitimate British companies
working there are not exploiting people. They have brought
employment there, better living conditions and all the rest. The
noble Baroness is quite wrong to suggest that every company
operating there—or the vast majority—is exploiting these poorer
countries. I ask the noble Baroness and others to find some real,
concrete examples rather than generic ones. That is why I will
resist the idea of a public register until such time as we have
given the existing one time to work, and until such time as the EU
and the United Kingdom persuade the United States to join in with
producing uniform reporting. I say to my noble friend on the Front
Bench that I hope Her Majesty’s Government will tread carefully and
recognise the work that has been achieved so far in a pretty short
measure of time.
To read the whole debate, CLICK
HERE
Extract from
Committee stage (Commons) (day 5) of the European Union
(Withdrawal) Bill
(North Antrim)
(DUP):...Let us look briefly at the cost to the Republic
of Ireland of having no deal. That is something that is never done
in this place. We are always looking at what the cost to us would
be, but the cost to our partner would be significant. If the
Republic of Ireland does not get a trade deal, its GDP will
collapse by 4% almost overnight. That is the figure that has been
produced in its own Dáil report. The Republic of Ireland’s largest
trading partners are the United Kingdom—with which it will no
longer have a free trade arrangement—the USA, Canada, India and Australia. Those trading partners
are more important than the EU to the Republic of Ireland. In the
area of fishing alone, 40% of the Republic’s fishing market is in
our waters. If we close those waters to the Republic of Ireland,
the Spanish and Portuguese boats and other boats from across the EU
will be fishing in the Irish box rather than in our fishing waters.
Ireland would soon find that its fishing trade had gone
completely...
To read the whole debate, CLICK
HERE
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