Sanctions and Anti-Money Laundering Bill [Lords] (Fourth sitting)

Jo Stevens Excerpts

Thursday 1st March 2018 Public Bill Committees

[John Glen]

I would hope that BEIS will address the issue of what resourcing is necessary to do that sort of work. That will be something that the Department will seek to respond to in the consultation.

[Jo Stevens (Cardiff Central) (Lab)]

Is the Minister aware that Companies House has been making large-scale redundancies for the past few years?

[John Glen]

The issue is really about the effectiveness of the regime. As I said, it is matter of what BEIS determines it needs to do to address the problem. Clearly, questions can be asked about the plans that will be put in place when they are forthcoming.

As clause 43 already gives the Government the power to make provision for the purposes of combating money laundering by Scottish limited partnerships, I ask the hon. Member for Oxford East to withdraw the amendment.