Catherine McKinnell
Main Page: Catherine McKinnell (Labour - Newcastle upon Tyne North)Department Debates - View all Catherine McKinnell's debates with the HM Treasury
Money Laundering: British Banks
Catherine McKinnell Excerpts(7 years, 9 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
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Simon Kirby
I reassure my hon. Friend that that is the case. It is right and proper that the issue of money laundering is addressed from top to bottom. Everyone has a responsible part to play.
Catherine McKinnell (Newcastle upon Tyne North) (Lab)
Having previously claimed that
“there is little evidence of corporate economic wrongdoing going unpunished”,
the Ministry of Justice is now considering whether it should extend the criminal liability offences to money laundering. Does the Minister now agree that the “global laundromat” allegations clearly highlight that the law needs to be toughened up in this area?
Simon Kirby
I am sure that the MOJ will listen carefully to the hon. Lady’s point.