UK Drugs Policy

Steve Barclay Excerpts

Thursday 30th October 2014 Commons Chamber

[Keith Vaz]

There is no criticism of you, Mr Deputy Speaker, of the new chair of the all-party parliamentary group on Gibraltar or of anyone in Gibraltar, but we have discovered that some areas of the world are being used to launder money from drugs. Our financial authorities are not strong enough to deal with the way in which money goes through the system. That is why the Committee believes that bankers at the very senior level should be held criminally responsible if they know or are aware of laundering, or if they did not take action to prevent it.

[Stephen Barclay (North East Cambridgeshire) (Con)]

The right hon. Gentleman is right to consider asset recovery to deal with money laundering and criminal actions. He will be aware that we have an opportunity to consider that under the Serious Crime Bill. Does he share my concern about the drafting of the asset recovery clauses? Will his Committee consider that before we debate the Bill? Does he agree that the Bill needs to take on board lessons from places such as Italy?

[Keith Vaz]

The hon. Gentleman is absolutely right. I am not sure that the Committee has time to consider that before Christmas, but I will do so with him. Let us sit down and see whether we can get an amendment together. I am happy to support him to make the Bill tougher, because it needs to be.

I commend the proposers of the motion.. This is a very important debate, and we do not debate UK drugs policy often enough. We need to ensure that we have more time to debate this serious and important subject.