Contributions
1,851 recent contributions in Hansard
HANSARDEconomic Crime and Corporate Transparency Bill (Eighteenth sitting)Unfortunately, we remain unconvinced by the Minister’s answers on these points and we wish to push the new clause to a vote. Question put, That the clause be read a Second time.24 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Eighteenth sitting)New clause 60 takes us back to some of the issues we touched on during Tuesday’s debate on part 4 of the Bill in relation to cryptoassets. Considering how many new regulations…24 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Eighteenth sitting)I beg to move, That the clause be read a Second time. Given the extensive discussions we have had on issues involving money laundering risks, including risks in relation to…24 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Eighteenth sitting)We are really just going back to the point about prevention being better than cure. Of course, what is really important here is that it is our sovereign Government, our Treasury,…24 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Eighteenth sitting)I thank the Minister for that feedback. We want to ensure there is a mechanism to check and verify that the FCA is able and resourced to do what we want it to do. Our worry is…24 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Eighteenth sitting)I thank the Minister for those points. We feel that it is a bit of a leap of faith but, on the basis of the assurances that he has given, I am happy to withdraw the clauses. I beg…24 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Eighteenth sitting)I will be brief. I fully support the comments made by my right hon. Friend the Member for Birmingham, Hodge Hill, and I fully support the new clause. I pay tribute to the other…24 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Eighteenth sitting)My right hon. Friend asks a very good question, while chuntering from a sedentary position. I trust that the Minister’s views have not changed with his recent promotion. The…24 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Seventeenth sitting)I beg to move, That the clause be read a Second time. New clause 49 sought to ensure that the provisions of the Small Business, Enterprise and Employment Act 2015, which require…24 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Seventeenth sitting)I thank the Minister for his remarks. We are talking about how to make it as easy as possible for those red flags to be clear. If we were to do exception reporting, there may, of…24 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Seventeenth sitting)I thank the Minister for those points. I see that we will agree to disagree on this. I beg to ask leave to withdraw the motion. Clause , by leave, withdrawn. New Clause 51…24 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Eighteenth sitting)I thank the Minister for those points. We remain unconvinced by the position and would like to push this new clause to a Division. Question put, That the clause be read a Second…24 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Seventeenth sitting)I beg to move, That the clause be read a Second time. The purpose of the new clause is to close what appears to be a loophole in the current requirements on the registration of…24 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Seventeenth sitting)According to our interpretation, schedule 2 of the 2022 Act is unclear about whether a company would be required to disclose the ultimate beneficial owner of any property owned by…24 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Eighteenth sitting)I beg to move, That the clause be read a Second time. New clause 55 also provides a simple solution to what appears to be a flaw in the Bill’s current drafting, which could be…24 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Eighteenth sitting)I beg to move, That the clause be read a Second time.24 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Seventeenth sitting)I thank the Minister for that clarification. What rang alarm bells with us were the comments of the Financial Action Task Force, which drew the distinction between the ownership…24 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Eighteenth sitting)As I have said, we are very much about prevention being better than cure and a smart as possible approach to risk management. However, I take the Minister’s comments on board and…24 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Seventeenth sitting)It is a pleasure to serve under your chairship, Sir Christopher. New clause 24, tabled by SNP Members, would add to the transparency of the companies register and enhance the…24 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Eighteenth sitting)I beg to move, That the clause be read a Second time. Conservative Members will have gathered by now that the common theme of many of the new clauses tabled by the Opposition on…24 Nov 2022