(7 years, 10 months ago)
Commons ChamberYes, I absolutely agree that transparency is one of the steps along the path of tackling both corruption and money laundering. That is why, at the anti-corruption summit in May, the Prime Minister basically reaffirmed that commitment. Even before that, we had worked with the overseas territories and Crown dependencies to ensure that, hopefully by the end of this year or into next year, there will be transparency, registers, of which a considerable number will be public, and automatic information exchange between our tax authorities and those of our dependencies. In that way, we will be able to have access to information about people hiding tax from us, and our law enforcement agencies will then be able to set about tackling the matter.
This Bill is part of that process. A key element of that approach will be ensuring that we work with the private sector to make the UK a more hostile place for those seeking to move, hide or use the proceeds of crime.
Prosecuting corporations for failing to prevent economic crimes was expected to be a core part of this legislation as it appeared during the consultation phase. It seems that, despite Government indications that they would include provisions to hold to account corporations that let their staff facilitate tax evasion and other economic crimes, those provisions are not part of the Bill. Will the Minister explain why he has chosen not to include such eminently sensible precautions?
Yes, but I will come to that part of the Bill later on. It is certainly our intention to prosecute those corporations, or the corporate body, that allow their companies to facilitate tax evasion. Under the current system, an individual can be prosecuted for evading tax, and someone within a company can be prosecuted if they facilitate that evasion. At the moment, it is very, very hard to prosecute the corporate body. We are intending to make that change in our Bill. If the hon. Lady reads the Bill, she will see how we will do that. We will go after not only the corporate body here in the UK, but overseas companies. Being an overseas company will not be an excuse, and we will go after them in the same extra-territorial way that we do with the Bribery Act 2010.
(7 years, 12 months ago)
Commons ChamberEvery day the police get good co-operation from many multimedia companies and internet service providers. We would, of course, like to see more, and will keep pressing companies for more because it is very important that we all protect vulnerable people from the effects the internet can have in turning them into radicals and attracting them to terrorism.
Given the increase in cybercrime, will the new Minister commit to investigating the storage of seized hardware and, specifically, ethical concerns that destruction orders on hardware containing child pornography can be successfully challenged by convicted offenders in court?
That is a very good point. We must make sure that the data are always there to help convict people of their crimes, and that those data cannot be challenged or put aside. I hope the hon. Lady will therefore support the Investigatory Powers Bill when it returns to this House, because the retention of data is one of the best ways to counter crime.