Sanctions and Anti-Money Laundering Bill [ Lords ] (Third sitting) Debate
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Jo Stevens
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Sanctions and Anti-Money Laundering Bill [ Lords ] (Third sitting)
Jo Stevens Excerpts(6 years, 9 months ago)
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Sir Alan Duncan
If something has to happen three times as frequently, it will take up a lot more resource.
I hope that the arguments I have put to the Committee have convinced the hon. Lady that the compulsion to have a review every year is superfluous, given all the other layers and safeguards that exist in the Bill.
Jo Stevens (Cardiff Central) (Lab)
If the Minister cannot tell us what the triple cost is, can he tell us what this costs at the moment?
Sir Alan Duncan
We do things as part of the EU, so it is not possible to segregate the cost in the way the hon. Lady asks. What we are doing is setting up an autonomous regime instead of being part of a collective regime.
I hope that the arguments that I have put to the Committee have persuaded the hon. Member for Bishop Auckland to withdraw her amendment.