(6 years, 6 months ago)
Commons ChamberMy hon. Friend makes an extremely good point about Gibraltar. I have heard him speak about that subject in the House previously, and what he says is absolutely right. Last night, I received a three-page letter from the Chief Minister of Gibraltar. I was at a loss to understand why he felt that new clause 6 negatively affected him, since he has already committed, through the EU directive, to implement the whole of the new clause one year earlier than is specified. I therefore feel that the Chief Minister and my hon. Friend should be content with new clause 6.
I entirely agree that the Government of Gibraltar achieve the standards described by my hon. Friend the Member for Bromley and Chislehurst (Robert Neill), and I agree with my right hon. Friend the Member for Sutton Coldfield (Mr Mitchell) that as they are about to go further, the new clause does not affect them. I recall, however, that that was not always the case. Twenty or 30 years ago, persuading the then Government of Gibraltar that access to EU financial markets required an altogether higher standard of regulation and compliance was not an easy task, and we had to imply that we might take steps to exercise our powers unless something was done about it. That might be a useful precedent for the overseas territories in the Caribbean with regard to the step that the House is taking today.
My right hon. and learned Friend the Father of the House, given his longevity and distinguished ministerial experience over many years, will be familiar with the points that are being made about Gibraltar and, indeed, about the importance of clamping down on money laundering.
Thirdly, the overseas territories pray in aid the prayer of St Augustine—“Oh Lord, make me chaste, but not yet”—and argue that all the hot money will go to the Dutch Antilles. But it is a little bit like the battle against malaria. We seek to narrow the footprint of that disease—in this case, of illicit money—to diminish the areas affected, and then eradicate it. Through this measure, we will significantly narrow the footprint of tainted money. We should bring the same vigour and determination to the fight against poisoned money as we do to the fight against deadly insects.
(10 years, 11 months ago)
Commons ChamberI agree entirely with my hon. and gallant Friend. He understands how much the forces in the field, as well as the public in this country, depend on the accuracy of the intelligence available to them and on the ability of the people who work on our behalf to infiltrate the organisations with which we unfortunately sometimes find ourselves faced. I endorse all his sentiments in full.
My right hon. and learned Friend is to be commended for the candour and openness of his statement to the House today. Is it not clear that the right hon. Member for Blackburn (Mr Straw) was dealing with unprecedented and extraordinary circumstances in the aftermath of 9/11, and many people, of all different political persuasions, looking objectively at the decisions he took, will conclude that he discharged his duties then with complete responsibility and acted with total integrity?
I would expect that, certainly, and absolutely nothing in this report casts doubt on that integrity at all. The right hon. Member for Blackburn has the misfortune of being named in it because he had that most responsible office at the time, but he has already given his statement, as it were, to this House and it is quite obvious that the problems he was dealing with were immense and unprecedented, and that a great deal was done while he was Foreign Secretary to protect this country from further harm.