Extract from second reading debate (Lords) of the Sanctions and Anti-Money Laundering Bill - Nov 1
Thursday, 2 November 2017 06:50
Lord Hain (Lab):...It is not only financial institutions and
Governments which need to ensure that they are above reproach. A
number of other global firms, whether legal, auditing, forensic or
advisory in nature, have provided professional services to some of
these complicit individuals, companies and institutions. These
include UK-based firms such as Grant Thornton and Hogan
Lovells, which have conducted forensic investigations at the South
African Revenue Service under the brief of its...Request free trial
(Lab):...It is not only
financial institutions and Governments which need to ensure that
they are above reproach. A number of other global firms, whether
legal, auditing, forensic or advisory in nature, have provided
professional services to some of these complicit individuals,
companies and institutions. These include UK-based firms such as
Grant Thornton and Hogan
Lovells, which have conducted forensic investigations at the
South African Revenue Service under the brief of its Gupta-aligned
head, Tom Moyane. Norton Rose Fulbright and Morrison & Foerster
have assisted in the internal investigation at McKinsey into that
company’s links to the Guptas. There are other examples. I am not
suggesting that these firms are necessarily complicit in the
corruption, because in most cases they have been employed by the
complicit companies—for example, Norton Rose and Morrison &
Foerster by McKinsey—to try and surface the corruption...
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