Written Question
Tuesday 7th February 2023
Asked by:
Siobhain McDonagh (Labour - Mitcham and Morden)
Question
to the HM Treasury:
To ask the Chancellor of the Exchequer, what steps he is taking to tackle instances where businesses circumvent sanctions on Belarus; and if he will meet with the hon. Member for Mitcham and Morden to discuss this matter.
Answered by Victoria Atkins
- Shadow Secretary of State for Environment, Food and Rural Affairs
HMRC is responsible for enforcing trade sanctions and investigating potential breaches of those controls.
We use a range of enforcement options such as education, warning letters, issuing compound settlements, seizures, disruptions and in the most serious of cases, referral to the Crown Prosecution Service for consideration for prosecution.
We undertake a preliminary assessment into all credible intelligence/allegations of trade sanctions offences and work with other government departments and international partners to identify high-risk movements.
Any UK person or company that is in breach of trade sanctions potentially faces a heavy fine or imprisonment.
Written Question
Tuesday 7th February 2023
Asked by:
Siobhain McDonagh (Labour - Mitcham and Morden)
Question
to the HM Treasury:
To ask the Chancellor of the Exchequer, what steps he is taking to tackle instances where businesses circumvent sanctions on Belarus; and if he will meet with the hon. Member for Mitcham and Morden to discuss this matter.
Answered by Victoria Atkins
- Shadow Secretary of State for Environment, Food and Rural Affairs
HMRC is responsible for enforcing trade sanctions and investigating potential breaches of those controls.
We use a range of enforcement options such as education, warning letters, issuing compound settlements, seizures, disruptions and in the most serious of cases, referral to the Crown Prosecution Service for consideration for prosecution.
We undertake a preliminary assessment into all credible intelligence/allegations of trade sanctions offences and work with other government departments and international partners to identify high-risk movements.
Any UK person or company that is in breach of trade sanctions potentially faces a heavy fine or imprisonment.
Speech in Public Bill Committees - Thu 03 Nov 2022
Financial Services and Markets Bill (Ninth sitting)
"I, too, support new clause 1, not because I wish to stop buy now, pay later as a form of credit or to restrict people’s choice, but because I want people to fully understand what they are getting into before they do it. I did not understand what Klarna was. …..."Siobhain McDonagh - View Speech
View all Siobhain McDonagh (Lab - Mitcham and Morden) contributions to the debate on: Financial Services and Markets Bill (Ninth sitting)
Speech in Public Bill Committees - Thu 03 Nov 2022
Financial Services and Markets Bill (Ninth sitting)
"I rise to support new clauses 4 and 5, which we know are supported by our constituents. No matter what kind of constituency we represent, whether it is wealthy, rural or urban, people are desperate for face-to-face services. Recently, in Mitcham town centre, Barclays and Halifax have closed. I stood …..."Siobhain McDonagh - View Speech
View all Siobhain McDonagh (Lab - Mitcham and Morden) contributions to the debate on: Financial Services and Markets Bill (Ninth sitting)
Speech in Public Bill Committees - Thu 03 Nov 2022
Financial Services and Markets Bill (Ninth sitting)
"Absolutely. As always, I agree with my hon. Friend. I think we will see an even greater explosion of financial fraud if there is an ever-quickening closure of branches in our town centres, and even more reductions in the ability to access services by phone. Unless there is regulation, we …..."Siobhain McDonagh - View Speech
View all Siobhain McDonagh (Lab - Mitcham and Morden) contributions to the debate on: Financial Services and Markets Bill (Ninth sitting)
Speech in Public Bill Committees - Thu 03 Nov 2022
Financial Services and Markets Bill (Ninth sitting)
"That should be against the law...."Siobhain McDonagh - View Speech
View all Siobhain McDonagh (Lab - Mitcham and Morden) contributions to the debate on: Financial Services and Markets Bill (Ninth sitting)
Speech in Public Bill Committees - Thu 03 Nov 2022
Financial Services and Markets Bill (Ninth sitting)
"It has arrived!..."Siobhain McDonagh - View Speech
View all Siobhain McDonagh (Lab - Mitcham and Morden) contributions to the debate on: Financial Services and Markets Bill (Ninth sitting)
Speech in Public Bill Committees - Thu 03 Nov 2022
Financial Services and Markets Bill (Ninth sitting)
"I am completely open-minded about how the hubs are paid for, but they have to be paid for from the banking sector itself. I would not wish to put the responsibility on already overstretched local authorities. Many high street banks have had decades of loyal support from these customers, and …..."Siobhain McDonagh - View Speech
View all Siobhain McDonagh (Lab - Mitcham and Morden) contributions to the debate on: Financial Services and Markets Bill (Ninth sitting)
Speech in Public Bill Committees - Tue 01 Nov 2022
Financial Services and Markets Bill (Seventh sitting)
"I apologise to the hon. Member; I am getting my procedure a bit mixed up, Mr Sharma, so I wonder whether you could clarify something for me. I have amendments 16, 17 and 18, on the issue of free access to cash. When will it be convenient for me to …..."Siobhain McDonagh - View Speech
View all Siobhain McDonagh (Lab - Mitcham and Morden) contributions to the debate on: Financial Services and Markets Bill (Seventh sitting)
Speech in Public Bill Committees - Tue 01 Nov 2022
Financial Services and Markets Bill (Seventh sitting)
"It is a wonderful moment when there is unity on both sides of the Committee. SNP and Conservative Members, as well as—I hope—my Labour colleagues, are coming together to ask the Government not just for access to cash, but for free access to cash. I believe that much of the …..."Siobhain McDonagh - View Speech
View all Siobhain McDonagh (Lab - Mitcham and Morden) contributions to the debate on: Financial Services and Markets Bill (Seventh sitting)