Serious Fraud Office Debate

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Department: Home Office

Serious Fraud Office

Baroness Kramer Excerpts
Wednesday 13th December 2017

(6 years, 11 months ago)

Lords Chamber
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Baroness Kramer Portrait Baroness Kramer (LD)
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My Lords, the ability of this new body to tackle broader economic crime would be greatly enhanced if we could extend the concept of corporate criminal liability, particularly to issues such as money laundering—and the mechanism for that is failure to prevent. Will the Minister include failure-to-prevent clauses in the Sanctions and Anti-Money Laundering Bill going through this House?

Baroness Williams of Trafford Portrait Baroness Williams of Trafford
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My Lords, I am not involved in the Sanctions and Anti-Money Laundering Bill—unlike every other piece of legislation, which I do seem to be involved in. However, I take the noble Baroness’s point. I think the broader point here is that there will be a multiagency response to different types of fraud and that they can perhaps do more good as a partnership than they can as a series of isolated bodies.