Greg Mulholland
Main Page: Greg Mulholland (Liberal Democrat - Leeds North West)Department Debates - View all Greg Mulholland's debates with the HM Treasury
Money Laundering: British Banks
Greg Mulholland Excerpts(7 years, 9 months ago)
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Simon Kirby
The people with significant control register is open for everyone to see. Thousands, if not millions, of people are able to see it. Transparency is absolutely the best thing to make people aware of wrongdoing and to make sure that nothing is hidden.
Greg Mulholland (Leeds North West) (LD)
It is clear that the current measures, though welcome, are simply not sufficient to tackle this sort of money laundering. Considering that dirty money is channelled through our British banks, how much worse would it be if the Chancellor achieved his vision of this country becoming a corporate tax haven—another Panama—post-Brexit?
Simon Kirby
That is not the Chancellor’s vision. The Government are currently consulting on the fourth money laundering directive. I have mentioned the Criminal Finances Bill, which is in the other place. The FCA is also vigilant in enforcing measures, and it takes misconduct very seriously.