Baroness Kramer
Main Page: Baroness Kramer (Liberal Democrat - Life peer)Department Debates - View all Baroness Kramer's debates with the Home Office
(6 years, 11 months ago)
Lords ChamberMy 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?
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.