(2 years, 4 months ago)
Commons ChamberI hear what my right hon. and learned Friend says, and I fully acknowledge not only his legal expertise overall, but specifically how much thought he has put into this subject and how he has written upon it.
Will the Minister accept then—this point was made in the debate—that having the independent statutory commissioner receive information, so avoiding it being put into the public domain, is as important a part of the package as the public interest defence itself?
I give way to my right hon. Friend the Member for South Holland and The Deepings (Sir John Hayes).
(2 years, 8 months ago)
Commons ChamberWe will work together in lockstep with our friends and allies around the world. I will not go into detail now about what future designations might be or the precise nature of them, but as I said earlier, Moscow should know that we will use these measures to their full effect.
Unfortunately we are overrunning, and I will not get through responding to the points made in the debate if I take a lot of interventions. I can do either, but I think it is important that I respond to the points made in the debate.
Specifically in relation to Russian illicit finance, the National Crime Agency has increased the number of investigations into corrupt elites. Some of that response will be visible through law enforcement, policy and international engagement. Other options are less visible but that does not mean they are not impactful. We are going further. It is vital in the fight against dirty money that we increase transparency in order to know who ultimately controls and owns a company or property, and the Prime Minister is committed to bringing forward new legislation to include reforms to Companies House and to limited partnerships, and to introducing the register of overseas entities beneficial ownership Bill.
Last week the Home Secretary announced the closure of the tier 1 investor visa scheme—