(8 years, 8 months ago)
Commons ChamberThe Prime Minister said yesterday that all of Britain’s overseas territories and Crown dependencies, apart from Anguilla and Guernsey, have now agreed to provide our law enforcement and tax authorities with full access to information on beneficial ownership. Why will there not be public access to the registers, given that the Prime Minister wrote to the overseas territories on 25 April 2014 to say that making such information open would help “to tackle crime”, and given that, from June this year, the British register of beneficial ownership will be open to the public? If openness is good enough for the UK, why should we accept a different position in our overseas territories?
It is disappointing that the shadow Secretary of State does not congratulate the overseas territories on the enormous progress they have made on tax transparency and on opening up for law enforcement agencies. This is really superb progress, but as the Prime Minister outlined yesterday, it is not an international standard, and we need to move towards eliminating all corrupt, terrorist and money laundering practices across the globe. While there are states in the US where people can open companies and not have full public registers, it is only fair to say to the overseas territories, “Congratulations on progress so far.” Longer term, the Prime Minister and the Government are clear that we want greater transparency, and that will be about a move towards public access.
I do welcome progress; I was just asking why the overseas territories will not meet the standard Britain is going to set.
Our membership of the European Union helps us in the fight against money laundering, terrorist financing and tax evasion—an example being the fourth anti-money laundering directive, on which the UK has taken the lead. The directive will, for the first time, oblige all member states to keep registers of beneficial owners and to make those open to tax and law enforcement authorities and to others who have a legitimate interest, including investigative journalists. Does that not show that leaving the EU could hinder the fight against financial criminality in Europe, because the best way to tackle such criminality is to work in partnership with our neighbours?
(8 years, 11 months ago)
Commons ChamberI was in Bujumbura last month and urged the country’s Foreign Minister to attend talks in Entebbe, so it is disappointing that the Burundian Government have not followed up and continued the talks in Arusha either on 6 January or this Friday. While in Bujumbura, I met the US ambassador, and my US opposite number was there only the day before. The international community speaks with one voice in saying that the Burundians should come and discuss the issues with all parties to develop a dialogue about what can be done to bring Burundi back from the brink of civil war.
All our thoughts are with those killed and injured in what the Foreign Secretary has just reported as a terrorist attack in Istanbul.
The conflict in Yemen between the Houthis and the Saudi-led coalition has so far claimed over 7,000 lives and created, in the words of the UN Humanitarian Co-ordinator, Johannes van der Klaauw, a “humanitarian catastrophe”, with more than 2.5 million people internally displaced and 7.5 million people without enough food. Last week, Sky News reported that six British personnel are advising the Saudis on targeting in connection with the conflict. Will the Foreign Secretary tell us exactly what assistance these individuals are giving, and, if it is related to targeting, whether they have reported any potential breaches of international humanitarian law?