Money Laundering

Lord Bassam of Brighton Excerpts

Monday 19th March 2018 Lords Chamber

[Baroness Williams of Trafford]

My Lords, I am sure that they have.

[Lord Bassam of Brighton (Lab)]

My Lords, would the noble Baroness like to revisit something she said in her opening Statement, which was that Labour in government had done nothing on money laundering? I have just been using Google, which says that the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 were made under the Proceeds of Crime Act 2002. I have some recollection that I played a part in that legislation. Perhaps the noble Baroness ought to reflect on what she said earlier, because she is wrong.

[Baroness Williams of Trafford]

I am sure that I may be wrong. I just took issue with the suggestion that we had not done anything.