Money Laundering: British Banks Debate

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Department: HM Treasury

Money Laundering: British Banks

Lord Mann Excerpts
Tuesday 21st March 2017

(7 years, 7 months ago)

Commons Chamber
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Simon Kirby Portrait Simon Kirby
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My hon. Friend is absolutely right. Greater information sharing and transparency are the way forward. The register of people with significant control is an important step forward, and I look forward to additional transparency in the future. Ultimately, people with nothing to hide have nothing to fear.

Lord Mann Portrait John Mann (Bassetlaw) (Lab)
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To counter the impression that he has been promoted beyond his competence, can the Minister tell us which British banks have been convicted of money laundering over the past five years? What specific, individual thing has he learned from reading those judgments? [Interruption.]

John Bercow Portrait Mr Speaker
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Order. The question was discourteous, but it was not disorderly—there is a distinction. The hon. Gentleman has been practising that technique in all sorts of different forums in all the 30 years that I have known him. The question was not one of the more extreme variants on the theme.