UK Parliament / Open data

Financial Services (Banking Reform) Bill

My Lords, I am grateful to the Minister for telling us that he will write in due course about the matters that I raised. If the Committee will forgive me for using a graceless Americanism, we

are not talking about legislative refinement—this is hardball. It is serious stuff out there in the commercial world.

I reassure the noble Baroness, Lady Noakes, that I have assumed that money-laundering has its technical meaning, which is using a bank to convert illicit money into a licit flow, which would include tourism and so on, but if necessary that can be dealt with by way of a bigger list in due course.

Type
Proceeding contribution
Reference
748 cc407-8 
Session
2013-14
Chamber / Committee
House of Lords chamber
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