Money Laundering

Debate between Lord Agnew of Oulton and Lord McFall of Alcluith

Wednesday 24th November 2021 Lords Chamber

[Lord Agnew of Oulton (Con)]

My Lords, it is extremely difficult to get the balance right, because the banks are damned if they do and damned if they do not. I am sorry the noble Lord had personal difficulties in that situation, but if it had been a fraudulent transaction with large sums lost, I think he would have been even more upset. We have to err on the side of caution. The banks need to improve their ways of intervening and use artificial intelligence to be more effective and not go after false alarms.

[The Lord Speaker (Lord McFall of Alcluith)]

My Lords, the time allowed for this Question has elapsed.

Net-zero Emissions Target

Debate between Lord Agnew of Oulton and Lord McFall of Alcluith

Monday 11th October 2021 Lords Chamber

[Lord Agnew of Oulton (Con)]

I am sure the noble Baroness will know that the current squeeze on gas prices has nothing to do with the quantity of gas available; it is a geopolitical move by Russia to put pressure on Europe, and we are caught up in it. Public ownership of our own utilities would make no difference.

[The Lord Speaker (Lord McFall of Alcluith)]

My Lords, all supplementary questions have been asked.