Contributions
2,740 recent contributions in Hansard
HANSARDEconomic Crime and Corporate Transparency BillThe vast majority of the business community is honest and upstanding—that is the point. What we are trying to ensure is that those businesses are not disproportionately affected…04 Sept 2023HANSARDEconomic Crime and Corporate Transparency BillI thank my right hon. and learned Friend for his point and his work in this area. I will come on to that amendment, if I may, later in my remarks. He makes a valid point, and we…04 Sept 2023HANSARDEconomic Crime and Corporate Transparency BillMy hon. Friend makes the other point, and these measures are about the delicate balance that we want to strike, ensuring that the right provisions are in place to prevent fraud…04 Sept 2023HANSARDEconomic Crime and Corporate Transparency BillI thank the hon. Gentleman for his work and his intervention. It is clear that fraud and money laundering are already criminal acts; what the Bill principally does is help to…04 Sept 2023HANSARDEconomic Crime and Corporate Transparency BillI will just finish my point. It is much easier to take that forward where the failure to prevent offence comes in, of course. The act of money laundering is a criminal offence—of…04 Sept 2023HANSARDEconomic Crime and Corporate Transparency BillMy right hon. and learned Friend says it is the Treasury. Actually, I am responsible for the business framework and I am concerned about putting £4 billion of regulatory burdens…04 Sept 2023HANSARDEconomic Crime and Corporate Transparency BillIs the point not that in the 400 pages of legislation we have before us we are doing exactly that: closing these loopholes, making it easier for businesses and making it easier…04 Sept 2023HANSARDEconomic Crime and Corporate Transparency BillI thank all Members for their contributions. I will not reiterate all the points I made in my opening speech, which addressed many of the points raised in the debate but shall…04 Sept 2023HANSARDEconomic Crime and Corporate Transparency Billrose—04 Sept 2023HANSARDEconomic Crime and Corporate Transparency BillIt is a pleasure to bring this Bill back to the House. It is crucial in ensuring that we can bear down on kleptocrats, criminals and terrorists who abuse our open economy, while…04 Sept 2023HANSARDEconomic Crime and Corporate Transparency BillI beg to move amendment (a) to Lords amendment 23.04 Sept 2023HANSARDEconomic Crime and Corporate Transparency BillI thank the right hon. Member for his intervention. I have seen the report and the media release around it and we do not accept those numbers or the interpretation of beneficial…04 Sept 2023HANSARDEconomic Crime and Corporate Transparency BillAround 3,000 entities have not properly registered at this point in time. Enforcement action is being taken on them: some 100,000 communications already have gone out to those…04 Sept 2023HANSARDEconomic Crime and Corporate Transparency BillI will come to the point about money laundering and broadening the sectors that money laundering regulation applies to, but, on SMEs, in my experience, in the work I did as a Back…04 Sept 2023HANSARDEconomic Crime and Corporate Transparency BillWe intend to launch the consultation by the end of the year, and we would like the regulations in place as soon as possible. It is quite clear that we want to do that. We all…04 Sept 2023HANSARDEconomic Crime and Corporate Transparency BillI thank my hon. Friend for all his work in this area. He makes the point very well. We need to ensure that when we bring forward these measures, they are properly considered and…04 Sept 2023HANSARDEconomic Crime and Corporate Transparency BillIt would be if the hon. Gentleman’s numbers were right, but that is not what I said. Three thousand entities are not currently registered, to our knowledge. Many of those will…04 Sept 2023HANSARDBusiness and TradeThe CEO and chair of the CMA regularly appear before the relevant Select Committee—five times as the hon. Member said. Most recently, they appeared before the House of Lords…20 Jul 2023HANSARDBusiness and TradeThe provisions apply specifically to traders to consumers, not traders to businesses. On how we determine the exemptions, a range of stakeholders, including regulators, businesses…20 Jul 2023HANSARDBusiness and TradeThe provisions apply specifically to traders to consumers, not traders to businesses. On how we determine the exemptions, such as for magazines, delivery services, gyms, software…20 Jul 2023