Contributions
2,740 recent contributions in Hansard
HANSARDEconomic Crime and Corporate Transparency Bill (Tenth sitting)As the right hon. Member knows, objective 4 establishes exactly that: an obligation “to minimise the extent to which companies and others carry out unlawful activities,…08 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Ninth sitting)Clause 68 amends section 1025 of the Companies Act 2006 to require that outstanding fines or financial penalties must have been paid for a company that has been previously struck…08 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Ninth sitting)The clause introduces identity verification requirements for individuals delivering documents to the registrar. It also requires that when an individual acts on behalf of another,…08 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Ninth sitting)I think the hon. Gentleman asked me to address two points. First, he asked how we will ensure that the documents filed are accurate. That goes back to the risk-based approach that…08 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Ninth sitting)Very kind.08 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Ninth sitting)I fully recognise the concerns expressed across the Committee about our oversight of corporate service providers. As I say, we should not mix up the many bone fide companies and…08 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Ninth sitting)Will the hon. Lady ask the question again? I did not quite get it.08 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Ninth sitting)I think I have understood the hon. Lady’s question. Clearly, all directors and company service providers need to have their identity verified too. If that is what the hon. Lady is…08 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Ninth sitting)Perhaps I could give the hon. Lady some examples of the kinds of individuals the exemption might apply to. We expect the exemption to be used on very rare occasions, for…08 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Ninth sitting)These amendments relate to the register of overseas entities introduced by virtue of part 1 of the Economic Crime (Transparency and Enforcement) Act 2022. The new clauses mirror…08 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Ninth sitting)It is a pleasure to serve with you in the Chair, Ms Bardell. Amendment 9 is a technical amendment. Clause 65 enables the Secretary of State to exempt a person from identity…08 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Ninth sitting)God forbid that the Government work in silos, whoever is in power, but they do tend to do so at times. I am on the same page as the right hon. Gentleman and other Committee…08 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Tenth sitting)I cannot let the right hon. Lady intervene again. We are pressed for time. We just do not agree on this point. I think that we agree on the broad sentiment that there should be a…08 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Ninth sitting)I hope that the clauses are pretty uncontroversial, but let us see. Companies House systems are already enabled to receive digital account submissions. The clauses will help…08 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Tenth sitting)As we have discussed, there are instances where disclosure of information on the public register can lead to an increased risk of fraud and identity theft or put individuals at…08 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Tenth sitting)I committed earlier to look into that case, and I will, but the Usmanov case, as I said, was a completely different case. The whole reason why we are bringing forward this…08 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Tenth sitting)The answer is that any person applying under the exemption will have to prove to the registrar that there is sufficient evidence of a serious risk of violence or intimidation to…08 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Tenth sitting)I will first take the latter point, which covers some of the shadow Minister’s points as well. There will be more detail in secondary legislation about how new clause 7 is…08 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Tenth sitting)Precisely.08 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Tenth sitting)That is not what the right hon. Lady has put in her amendment. It says not “risk-based assessment” but “risk assessment”.08 Nov 2022