Sanctions and Anti-Money Laundering Bill [Lords]

Debate between Baroness Hodge of Barking and Adam Holloway

3rd reading: House of Commons & Report stage: House of Commons
Tuesday 1st May 2018 Commons Chamber

[Dame Margaret Hodge]

I completely concur with the right hon. and learned Gentleman’s succinct remarks. People have said to me that the areas in which we have intervened—we do intervene with huge reluctance—are moral issues. I cannot think of another issue that is more moral than trying to intervene to prevent the traffic in corrupt money and illicit finance across the world.

[Adam Holloway (Gravesham) (Con)]

Does the right hon. Lady agree that corruption also costs lives and violates people’s human rights?

[Dame Margaret Hodge]

Absolutely. That is why the Magnitsky amendment, which we have just passed, is absolutely central to our proceedings and legislation on anti-money laundering.