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Speech in Public Bill Committees - Tue 29 Nov 2022
Economic Crime and Corporate Transparency Bill (Nineteenth sitting)

"I am happy to support new clause 75, tabled by my right hon. Friend the Member for Barking, which would require the Secretary of State by regulation to establish a body to be known as the economic crime committee of Parliament.

The new clause is driven by and based on …..."

Stephen Kinnock - View Speech

View all Stephen Kinnock (Lab - Aberafan Maesteg) contributions to the debate on: Economic Crime and Corporate Transparency Bill (Nineteenth sitting)

Speech in Public Bill Committees - Tue 29 Nov 2022
Economic Crime and Corporate Transparency Bill (Nineteenth sitting)

"I will be brief because my right hon. Friend the Member for Barking has, again, made the case so eloquently. We support new clause 76. The basic fact is that by their very nature, money laundering and economic crime are very often linked to serious organised crime gangs and hostile …..."
Stephen Kinnock - View Speech

View all Stephen Kinnock (Lab - Aberafan Maesteg) contributions to the debate on: Economic Crime and Corporate Transparency Bill (Nineteenth sitting)

Speech in Public Bill Committees - Tue 29 Nov 2022
Economic Crime and Corporate Transparency Bill (Nineteenth sitting)

"We fully welcome the new clause, which we think is very important to ensure that all perpetrators of economic crime are caught and dealt with...."
Stephen Kinnock - View Speech

View all Stephen Kinnock (Lab - Aberafan Maesteg) contributions to the debate on: Economic Crime and Corporate Transparency Bill (Nineteenth sitting)

Speech in Public Bill Committees - Tue 29 Nov 2022
Economic Crime and Corporate Transparency Bill (Nineteenth sitting)

"We welcome these new clauses, which would give effect to the Government’s stated intention to unlock the proceeds of crime held in bank accounts to fund law enforcement efforts to tackle economic crime. Their adoption would also optimise the potential of the defence against money laundering regime and streamline the …..."
Stephen Kinnock - View Speech

View all Stephen Kinnock (Lab - Aberafan Maesteg) contributions to the debate on: Economic Crime and Corporate Transparency Bill (Nineteenth sitting)

Speech in Public Bill Committees - Tue 29 Nov 2022
Economic Crime and Corporate Transparency Bill (Nineteenth sitting)

"I beg to move, That the clause be read a Second time.

As this is the last time I will be on my feet, I thank the Committee; it has been an excellent set of debates, and I look forward to further constructive engagement with the Government on these matters.

…..."

Stephen Kinnock - View Speech

View all Stephen Kinnock (Lab - Aberafan Maesteg) contributions to the debate on: Economic Crime and Corporate Transparency Bill (Nineteenth sitting)

Speech in Public Bill Committees - Tue 29 Nov 2022
Economic Crime and Corporate Transparency Bill (Nineteenth sitting)

"Has the Minister any thoughts on the international forums that have been set up—for example, the Russian Elites, Proxies, and Oligarchs Taskforce and the European Commission’s Freeze and Seize Taskforce. What contribution are the UK Government planning to make to those processes?..."
Stephen Kinnock - View Speech

View all Stephen Kinnock (Lab - Aberafan Maesteg) contributions to the debate on: Economic Crime and Corporate Transparency Bill (Nineteenth sitting)

Speech in Public Bill Committees - Tue 29 Nov 2022
Economic Crime and Corporate Transparency Bill (Nineteenth sitting)

"I have no further comments, and I beg to ask leave to withdraw the motion.

Clause, by leave, withdrawn.

New Schedule 1

Cryptoassets: terrorism

Part 1

Amendments to the Anti-terrorism, Crime and Security Act 2001

1 Schedule 1 to the Anti-terrorism, Crime and Security Act 2001 (forfeiture of terrorist …..."

Stephen Kinnock - View Speech

View all Stephen Kinnock (Lab - Aberafan Maesteg) contributions to the debate on: Economic Crime and Corporate Transparency Bill (Nineteenth sitting)

Written Question
Floating Offshore Wind Manufacturing Investment Scheme
Monday 28th November 2022

Asked by: Stephen Kinnock (Labour - Aberafan Maesteg)

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether the £160 million funding for Floating Offshore Wind Manufacturing Investment Scheme will be maintained.

Answered by Graham Stuart

The Government understands the importance of ports for the development of floating offshore wind to support the opportunities that this new industry offers the UK. The Government is engaging with stakeholders and analysing feedback following the launch of the Floating Offshore Wind Manufacturing Investment Scheme Request for Information earlier this year, and the next steps on the Scheme will be set out soon.


Written Question
Clean Steel Fund
Friday 25th November 2022

Asked by: Stephen Kinnock (Labour - Aberafan Maesteg)

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps his Department is taking to ensure the Clean Steel Fund is allocated at the earliest opportunity.

Answered by Nusrat Ghani

The Government recognises the vital role that the steel sector plays across the economy of the United Kingdom. We will continue to work with the sector to support its decarbonisation efforts and we have already established various funding schemes such as the Industrial Energy Transformation Fund (IETF) and the Industrial Decarbonisation and Hydrogen Revenue Support (IDHRS) in this regard. Further proposals, including the approach to the Clean Steel Fund, will be unveiled at the earliest possible occasion.


Speech in Public Bill Committees - Thu 24 Nov 2022
Economic Crime and Corporate Transparency Bill (Seventeenth sitting)

"It is a pleasure to serve under your chairship, Sir Christopher. New clause 24, tabled by SNP Members, would add to the transparency of the companies register and enhance the ability of law enforcement to identify suspect registrations. It would do so by requiring the subscribers or initial shareholders of …..."
Stephen Kinnock - View Speech

View all Stephen Kinnock (Lab - Aberafan Maesteg) contributions to the debate on: Economic Crime and Corporate Transparency Bill (Seventeenth sitting)