- MP says legislation needs
tightening to combat money laundering and fraud
has today signed up to
amendments to the Economic Crime and Corporate Transparency Bill
which will aid in efforts to crack down on the laundering of
dirty money in the UK. John has signed a number of
amendments which will allow for smarter regulation, tougher
enforcement, maximum transparency, and clear accountability –
without additional cost to the taxpayer.
Many of these amendments aim to toughen up Companies House
criteria, resource the fight against economic crime and
propose three sustainable ways to resource law enforcement
as well as reforming corporate criminal liability laws and
introducing a duty on sanctioned individuals to disclose all
assets held in the UK. The amendments will also help to
ensure the adequate protection of Whistleblowers and
seek to end the continued abuse of our courts
through Strategic Lawsuits Against Public
Participation (SLAPPs).
John said:
“For too long, over many decades, the UK and international
community generally have been generally lax at ensuring probity
when it comes to matters relating to economic finance and crime.
This Bill provides an opportunity to put much of this right. I
hope the Government will grasp the opportunity, accept the
amendments so they can be discussed in the Lords, and do the
right thing.”
“The amendments have been drafted by the cross party APPGs that
specialise in this field led in many case by .”
Ends
Date: 23rd January 2023
Notes to Editors
John has signed up to NC16, NC17, NC18, 101, 102, 103, NC20,
NC21, NC4, NC5, NC6, NC23, NC19 and NC25. See https://publications.parliament.uk/pa/bills/cbill/58-03/0205/amend/economic_rm_rep_0123.pdf
for further details.
The Bill will be debated tomorrow and Wednesday.
