Extracts from Parliamentary Proceedings - Dec 6
Thursday, 7 December 2017 08:43
Extracts from Committee stage (Lords) of the Sanctions and
Anti-Money Laundering Bill Lord Rooker (Lab):...I just want to
strengthen what the noble Lord, Lord Hodgson said, and what the
noble Lord, Lord Faulks, said during the earlier attempts to do
this. I realise that this discussion will definitely upset a lot of
people, as the previous Prime Minister said. However, the fact of
the matter is that so much money is piling into London—leaving
aside the rest of the country—that there...Request free trial
Extracts from Committee
stage (Lords) of the Sanctions and Anti-Money Laundering
Bill
(Lab):...I just
want to strengthen what the noble Lord, said, and what the noble
Lord, , said during the earlier
attempts to do this. I realise that this discussion will definitely
upset a lot of people, as the previous Prime Minister said.
However, the fact of the matter is that so much money is piling
into London—leaving aside the rest of the country—that there will
come a time when it will put our economy at risk. We are talking
about huge amounts. The National Crime Agency is concerned
about it and people in that agency are on record as having said
various things. It looks as though the instruction has been given,
“Turn a blind eye to this money coming in because it is good that
it comes in”. The fact that it is completely distorting London
property prices and making London another country within the UK is
beside the point...
The Minister of State, Foreign and Commonwealth
Office (Lord Ahmad of Wimbledon) (Con):...There may also
be a number of areas where we want to confer functions upon persons
to assist with the implementation and enforcement of sanctions. I
think that the noble Baroness, Lady Bowles, startled the
doorkeepers when she quoted various examples. Captains of ships and
harbour masters, for example, might need to exercise functions in
order to comply with shipping sanctions. We might also need to
confer functions to help enforce sanctions on border officials,
agents of Her Majesty’s Customs and Revenue, or law enforcement
agencies, such as the National Crime Agency...
To read the whole debate, CLICK
HERE
Extract from ten minute
rule motion on Sanctions (Human Rights Abuse and
Corruption)
(Dudley North)
(Lab):...According to a 2016 report by the Commons Select
Committee on Home Affairs, £100 billion is laundered through the
UK’s banks each year, yet the National Crime Agency estimates that
only 0.2% of that amount is frozen. They might as well put up a
sign at Heathrow to welcome Putin’s crooks and gangsters...
To read the complete debate, CLICK
HERE
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