Overseas Territories Joint Ministerial Council
Debate between Mark Garnier and James Duddridge(9 years ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
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James Duddridge
That matter has been discussed. We discussed specific examples of individuals arrested in the United Kingdom. When we have looked at their assets, we have found that they were renting property, but that, on closer examination, they owned the property through offshore companies. We want to open up beneficial ownership so that we can interrogate the actual position and seize assets in a timely manner. In a number of cases, assets can be sold or transferred quite quickly, so that they are out of the reach and jurisdiction of the UK Government. One reason we place so much emphasis on financial services transparency is so that our law enforcement agencies can get their hands on assets as quickly as possible before they are moved somewhere else around the world.
Mark Garnier (Wyre Forest) (Con)
To what extent is the Joint Ministerial Council driven by the Foreign Office? Will the Minister advise the House how the Foreign and Commonwealth Office works with Departments such as the Treasury to tackle issues such as money laundering and tax evasion, which the hon. Member for Foyle (Mark Durkan) raised?
James Duddridge
The Foreign Office leads on collating the Government response on overseas territories, although in all candour, over the two days probably 70% or 80% of sessions were led by other Departments, rather than the Foreign Office. We had heavy participation from the Department for International Development, and others spoke on specific issues. My hon. Friend the Under-Secretary of State for Culture, Media and Sport made a contribution, as did a Health Minister. The Department for Education was represented, leveraging in its understanding of child abuse. The Department for Work and Pensions spoke on pensions, and the Minister for the Armed Forces and the Solicitor General—both of whom are in the Chamber today—showed great interest in the overseas territories and have been supportive in developing our relationship with them. It is very much an effort by Her Majesty’s Government, rather than just the Foreign Office.