All 1 Debates between Greg Clark and Jack Straw

Mon 18th Mar 2013

Cyprus

Debate between Greg Clark and Jack Straw
Monday 18th March 2013

(11 years, 8 months ago)

Commons Chamber
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Jack Straw Portrait Mr Jack Straw (Blackburn) (Lab)
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The lack of effective supervision of the Greek Cypriot banking system has been notorious for many years and it has become a haven for Russian money laundering. What steps, either through this package or through other measures, are being taken better to control the banking system in Cyprus?

Greg Clark Portrait Greg Clark
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The right hon. Gentleman will know that the agreement reached at the weekend includes action to address the reputation Cyprus has established as a potential home for money laundering and that is part of the conditionality for the package.