Lord Anderson of Swansea
Main Page: Lord Anderson of Swansea (Labour - Life peer)Department Debates - View all Lord Anderson of Swansea's debates with the Cabinet Office
Money Laundering
Lord Anderson of Swansea Excerpts(2 years, 3 months ago)
Lords ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Lord Agnew of Oulton (Con)
My Lords, we have the National Crime Agency as the main crimefighting force in anti-money laundering. It is an extremely effective organisation, and it is well funded. Of course, one could always say that more money is needed, but I can assure my noble friend that we believe that we have adequate resources.
Lord Anderson of Swansea (Lab)
The Minister has mentioned some fines in respect of a limited number of banks, but much money laundering is in respect of property transactions, particularly in London. Since the passing of the Sanctions and Anti-Money Laundering Act 2018, how many prosecutions have there been of professional people who facilitate money laundering: the estate agents, the solicitors and others?
Lord Agnew of Oulton (Con)
My Lords, more than 97,000 organisations are monitored for money laundering in this country and some 54 anti-money laundering inquiries are open with the FCA at the moment.