Lord Bishop of Southwark
Main Page: Lord Bishop of Southwark (Bishops - Bishops)(3 weeks, 6 days ago)
Lords ChamberAs the noble Baroness knows, we do not comment on sanctions pre-emptively, because that would reduce their effect. But her sentiment of discouraging UK individuals and businesses from doing this is one that the Government share.
My Lords, the Minister referred to the advice that the Government published following the Statement on 9 June warning of the dubious legality of the purchase of property in the West Bank. Will she acknowledge that those most likely to do so are unlikely to heed such advice? Will she ensure that HMRC and the Financial Conduct Authority act to inhibit the unlawful use of funds in this way through the UK banking system?
UK agencies are well aware of the Government’s position on this. The advice we have given is to guide and protect UK businesses and individuals from getting themselves involved—perhaps unwittingly, although the issues around this are fairly well understood—in something that is illegal.