Economic Crime (Transparency and Enforcement) Bill

Over the last 10 days, the world has watched the actions of Vladimir Putin in shock and horror. T...

Amendments 24 and 25 would require that, when someone is registering or updating, they also have ...

I thank the hon. Gentleman for his intervention. I have spoken to colleagues across the House. We...

Will the Minister give way?

I will not give way for a second, because I want to ensure that we can cover the ground. I will d...

Will the Minister give way?

Will the Minister give way?

I will.

Schedule 2, paragraph 6 describes a beneficial owner as meaning someone, for example, who

“...

I thank the right hon. Gentleman for that point; it comes back to something that was said in the ...

Will the Minister give way?

I will not just because I want to make sure that we can cover all the areas, and we will be short...

Will the Minister give way?

I will—the hon. Lady has been trying so hard.

I thank the Minister for giving way finally, but it all counts. He seemed to be saying to colleag...

I will cover the amendments more fully in my closing remarks, once they have been spoken to. None...

Does the Minister accept that many of the amendments have been tabled today because people genuin...

There are a number of amendments and they do not all do what is intended. On amendments 24 to 26,...

My understanding is that the Government accept amendments 24 to 26 in principle and will work in ...

Essentially, yes. We want to make sure that we can work with hon. Members on that. I do not want ...

I would like this to be rendered in English for the world at large to understand. If the Minister...

First, I thought that when I said, “Essentially, yes,” it was a clear, two-word answer to a simpl...

We can see that the sanctions regulations will become much stronger, but our sanctions regime is ...

I think the right hon. Gentleman comes from a place of supporting the proposal from my right hon....

There should not be any part of the United Kingdom where money can be hidden or moved to be hidde...

As I say, the Bill touches on devolved matters in Scotland and Northern Ireland in particular. Id...

Given what has happened in Northern Ireland as a result of the Northern Ireland protocol and so o...

We will be moving on it so that it does apply in Northern Ireland. It is really important that we...

On my own behalf and on behalf of my hon. Friend the Member for Halifax (Holly Lynch), it is a pl...

I am grateful to be called so early in the debate, and I rise to speak to the amendments standing...

rose—

rose—

I will give way first to the hon. Member for Walthamstow (Stella Creasy) and then to the hon. Mem...

I thank my neighbour for giving way. Does he agree that many of our constituents will be looking ...

Yes. I take the hon. Lady’s point. The point I am making is that we should rightly assume that th...

rose—

First, I will give way to the hon. Member for Oxford West and Abingdon.

I was going to make the point that was just made: we should expect oligarchs to abide by the same...

We all have to stop agreeing like this, as it will give the House a bad reputation.

My right hon. Friend is making an important point. I have looked at these amendments. Is not the ...

I am grateful to my right hon. and learned Friend. I always bow to him in the knowledge of the la...

It is important to note that these amendments in my right hon. Friend’s name, my name and those o...

That is exactly correct. All we are doing is asking for the UK to be at the same level as the Uni...

Can my right hon. Friend tell me whether his amendment, and the Bill, will address the issue of n...

They should, because the individual has to declare the whole chain. “Not knowing” would be no exc...

I am not sure that my right hon. Friend is correct. The Bill defines a legal entity as

“a b...

It might not, but I think it would, because it covers the information that individuals are asked ...

I think we are all wandering around the same point. May I clarify it? The Minister agreed to look...

I agree that clarity is everything in this instance. The Bill will be going to the other place, a...

I do not want to sow further confusion, but I think that the point made by our hon. Friend the Me...

Let me simply say that the purpose of this debate is to tease out exactly that. I wish that we ha...

I will cover this at the end of the debate, but I should like to work with my right hon. Friend o...

I am grateful to my hon. Friend. I take it from what he has said that he accepts amendments 24, 2...

indicated assent.

I am grateful.

Let me end by saying to my hon. Friend that this legislation is probably one...

I want to speak about the amendments and new clauses in my name and those of my colleagues. I ref...

Order. There are far too many private conversations taking place, and I am finding it difficult t...

Thank you, Mr Deputy Speaker. I was talking about people buying their seats at party fundraisers ...

I apologise for interrupting the hon. Lady, who is making a brilliant speech. On her point about ...

The hon. Gentleman makes an excellent point, and I hope the Minister was listening carefully. We ...

I am pleased to see the amendments that would lower the threshold to 10%. In the prelegislative s...

I have not received that assurance from the Minister, but I would be glad to do so. The hon. Memb...

Does the hon. Lady share my frustration, which was widely voiced in the Treasury Committee when w...

The hon. Lady is right. This is entirely inadequate. With every day that passes, more and more gu...

I will speak solely to cross-party new clause 29. It is a very simple clause with a simple purpos...

I am a big supporter of the right hon. Gentleman’s new clause. President Zelensky is to address u...

It would be good. It would allow us to crack down more effectively; not so much more quickly but ...

Will my right hon. Friend give way?

Not for the moment; I am just about to finish the point. To move rapidly is the only way to ensur...

I am most grateful. My right hon. Friend’s new clause is very important but, as he would probably...

Yes, I do, but my hon. Friend must bear in mind that the burden in the new clause—the responsibil...

I was not going to intervene on my right hon. Friend but I have been looking back over the list i...

Yes, my right hon. Friend makes a good point. The reason why gifting and transferring to relative...

The presumption of innocence must surely be broad and not subjective in respect of any one indivi...

My hon. Friend is right. If we put the measure in place, there would be a decision at some point ...

I rise to speak specifically to new clause 2, on the funding of enforcement agencies, but I wish ...

The right hon. Member knows that I am supporting her amendment tonight, but may I suggest that we...

It always seems to me absurd that it costs £12 to establish a new company in Companies House. Obv...

I wonder whether the right hon. Lady can see some way forward on a point that I made earlier. Eur...

There are already arrangements for the sharing of information and data, but it is not enough. It ...

On this point about information sharing, which is so important, we have an established financial ...

Cryptocurrency has become the new way in which money is laundered. Corrupt and stolen money ends ...

We have a great many amendments to consider this evening, and it would not be right if the people...

It is a real pleasure to speak after the right hon. Member for Barking (Dame Margaret Hodge). We ...

The hon. Gentleman is making a very good speech on the importance of that relationship between th...

That is what it will do. It is a public register, of course, so the beneficial owner will be reve...

Order. We are not having this—we are getting on with things. Otherwise, people who have something...

I was just trying to establish whether this would be done in the Lords if it was not done here to...

indicated assent.

He is nodding—thank you very much. Hansard have got it on record that he is nodding. That is very...

My hon. Friend—by the way, I support enormously what he has been saying about the banking frauds—...

I am grateful for my right hon. Friend’s support.

I will press new clauses 14 and 27 to a v...

We are all acutely aware of just how important this Bill is. In less than 24 hours, this House wi...

I rise to speak in support of amendment 64. Economic crime is an issue that should always have th...

I am afraid I thought that was an utterly shabby little speech.

rose—

The hon. Member has only just spoken, so no, I am not going to give way. I think that speech was ...

rose—

No, I will not give way to the hon. Gentleman. I remind him what happened on 1 May 2018 when we d...

I am afraid that I am now going to reduce the level of excitement by returning to some rather tec...

I rise to speak to the amendments in my name: new clause 5 and, in particular, amendment 4, which...

My hon. Friend is making an excellent speech. On the point about horses bolting, I want to mentio...

Order. That was a very long intervention and it was too confusing. Was the hon. Lady speaking abo...

I was talking about my new clause 13—

It is not the hon. Lady’s new clause; it is down as the Liberal Democrats’ new clause. Is it the ...

I beg your pardon, Dame Eleanor. The new clause is in my name, but I apologise for taking too lon...

We have to be careful not to allow things to be confused at Committee stage. Everyone gets their ...

Thank you, Madam Deputy Speaker. I thank my hon. Friend for her intervention. When the Secretary ...

I have been listening carefully to the hon. Lady’s speech, and she is making an understandable po...

I thank the right hon. and learned Gentleman for his helpful intervention. I would rather that we...

Thank you for calling me to speak, Dame Eleanor. I thank the Minister for his presentation to the...

Order. I appreciate that the right hon. Gentleman has a long list. It is enlivening proceedings a...

I am grateful for your guidance, Dame Eleanor, because I think I have made my point: the Governme...

I rise to speak to amendment 63, which stands in my name and those of my colleagues. I am gratefu...

The point made earlier by my hon. Friend the Member for Rhondda (Chris Bryant) was that so much o...

I am grateful to the hon. Lady for that. Even the Minister who is piloting the Elections Bill thr...

Will the hon. Gentleman give way?

If I may, I will continue.

The genesis of my amendment comes from the fact that the Bill, a...

It is both telling and deeply disappointing that it has taken a vicious and horrific conflict to ...

I support all the amendments that are intended to close loopholes in this long-overdue legislatio...

I rise to speak in support of new clauses 7 and 8, but I want to start by expressing my solidarit...

I thank all hon. Members who have spoken in this important debate for their constructive approach...

The more we can present a united front—particularly tomorrow—the better, so I will of course not ...

I am grateful for the spirit the hon. Gentleman shows.

Let me turn to new clause 29, tabled...

Order. I understand that some pass readers in the No Lobby are not working, so we are extending t...