Failure to Prevent an Economic Criminal Offence

Part of Criminal Finances Bill – in the House of Commons at 3:30 pm on 21st February 2017.

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Photo of Ben Wallace Ben Wallace Minister of State (Home Office) (Security) 3:30 pm, 21st February 2017

My hon. Friend gave the example of a toll road in Tajikistan. Because of where we are now, with a commitment to central registers and automatic access for our law enforcement agencies to those registers in countries such as the BVI, we could investigate his example and those responsible could be tracked down. Because it is an offence under the Bill to encourage tax evasion, even in another country—I guess the people who siphon off the toll money are not paying taxes in Tajikistan—we could take action if the BVI bank had a British nexus. We have now gone a long way towards tackling that type of crime because of this Bill and where we have got to since David Cameron’s summit.