Economic Crime and Corporate Transparency Bill

Debate between Stephen Doughty and Suella Braverman

2nd reading
Thursday 13th October 2022 Commons Chamber

[Suella Braverman]

I am not sure what point the hon. Gentleman is making. Important strides are being taken forward in the Bill and we should all be getting behind the swift action the Government took in response to the invasion of Ukraine. I am very grateful that we were able to pass that legislation and take powers in the Act earlier this year, which included taking the groundbreaking action of sanctioning hundreds if not thousands of Russian individuals and entities, freezing assets and really excluding the influence of Russian finance in the UK. I am proud of that effort and I hope that he is too.

[Stephen Doughty (Cardiff South and Penarth) (Lab/Co-op)]

rose—

[Suella Braverman]

If I can just make some progress, I will come back to the hon. Gentleman.

Having acted immediately in response to Putin, we promised to go further. The Economic Crime and Corporate Transparency Bill will bear down even further on kleptocrats, criminals and terrorists, strengthening the UK’s reputation as a place where legitimate business can thrive but economic crime cannot. Economic crime is a serious problem. It threatens our prosperity, national security and global influence. The UK has one of the world’s largest and most open economies, and it is an extremely attractive place to do business. That is a good thing, but it also exposes us to economic crime, such as money laundering, corruption, the financing of organised crime and terrorism, and a growing range of state threats.

[Stephen Doughty]

I thank the Home Secretary for giving way. One issue I have raised with Foreign, Commonwealth and Development Office Ministers directly relates to the use of cryptocurrency and different mechanisms for those trying to evade sanctions or commit other crimes. There is a particular issue around mixers and tumblers—that is what they are called. The US Treasury took very, very severe action on this in August this year. My understanding is that we are yet to take that action. Will she look urgently at these issues with her colleagues in the Treasury and the FCDO to ensure that we bear down very strongly on those who are using crypto to avoid detection by our criminal investigation agencies?

[Suella Braverman]

The hon. Gentleman raises a really important and valid point. The Bill will go some way to dealing with cryptocurrency, but he is right that cryptoassets are increasingly being used for malign and terrorist purposes. We intend to crack down on that and will be bringing forward a Government amendment that will mirror the changes in Part 4 of this Bill in counter-terrorism legislation, but we are very happy to review that further.

The Government have already undertaken unprecedented action to stop kleptocrats and criminals.

Legislating for the Withdrawal Agreement

Debate between Stephen Doughty and Suella Braverman

Monday 10th September 2018 Commons Chamber

[Suella Braverman]

I am going to proceed.

The EU withdrawal agreement Bill is a vital part of our exit. Its purpose is simple: to implement the agreement we reach with the EU in domestic law. It is the means by which we will protect the rights of EU citizens in this country, pay the negotiated financial settlement and enter into an implementation period that is strictly time limited to prepare for the future relationship. If Parliament votes in favour of the deal, we will introduce the withdrawal agreement Bill to give the withdrawal agreement domestic legal effect.

[Stephen Doughty (Cardiff South and Penarth) (Lab/Co-op)]

The Minister has asked us to focus on the subject of the debate, and she has just mentioned the supposed deal to be put to Parliament. Can she explain how on earth that deal will proceed, given that 80, supposedly, of her own colleagues—including members of her own European Research Group, such as her former ministerial colleague, the hon. Member for Wycombe (Mr Baker), and others—have said that they will vote against it? Is not the reality that the Prime Minister’s Chequers deal is dead, that we are heading for a disastrous no deal and that that is exactly why we need a people’s vote on the deal?

[Suella Braverman]

I disagree with the hon. Gentleman about a second referendum—it would be a complete betrayal of the voters, because we had that exercise and it was two years ago—and I am optimistic that we will strike a mutually beneficial free trade agreement with the EU that honours the result of the referendum, retains the territorial integrity of our country and enables a smooth withdrawal from the EU.

--- Later in debate ---

[Suella Braverman]

I encourage the hon. Lady to read the contents of the White Paper, which sets out in extensive detail the exhaustive and wide-ranging provisions covering EU citizens. Any Member who has constituents who are worried or anxious should please direct them to that document. It is agreed with the EU, and it sets out the basis of the immigration status and people’s access to benefits, pensions and healthcare. It should go far in reassuring constituents such as the hon. Lady’s that EU citizens who are currently in this country have the right to stay under the provisions that are agreed and set out clearly in plain English in this document.

[Stephen Doughty]

I want to ask the Minister a specific question. She talks about the assurances that have been given and why so many people are worried. There are 3.5 million EU citizens in the UK, not including any other family members. The Home Office has told the Home Affairs Committee that the app for registering will be available only on Android and will not be available for iPhones, which half the people in this country use, and that the biometric permits, which are already seriously delayed in the Home Office, are being printed on the same printers that the DVLA uses and are miles behind. How on earth can EU citizens have any confidence, when the Government have not made even the basic practical provisions for registering and for ensuring that those people can get their documentation?

[Suella Braverman]

That is precisely why the Home Office is leading a pilot of the settlement scheme in the north-west as we speak, to identify what is working for people and what is not. So far, that is proving to be successful and showing that there is a good uptake of the scheme, but of course it is still in its pilot stage. The Home Office is very much in dialogue with the people who are directly affected, to ensure that we iron out the scheme and make it as simple, as user-friendly and as easy to use as possible.