Monday 28th February 2022

(2 years, 2 months ago)

Commons Chamber
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Elizabeth Truss Portrait Elizabeth Truss
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Yes, we are looking at that, and my right hon. Friend is 100% right.

Hannah Bardell Portrait Hannah Bardell (Livingston) (SNP)
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I sat on the Sanctions and Anti-Money Laundering Bill Committee and watched in horror as the right hon. Lady’s party walked away from the opportunity to sanction Russia on the flow of dirty money through the UK. I am sure that, with the benefit of hindsight, she and her party realise what a grave mistake that was. The action that she has announced is welcome, but will she now take action against Scottish limited partnerships, which are having a profound impact on many nations, and the secrecy havens that are the British overseas territories, notably the British Virgins Islands and the Isle of Man? Given her Government’s failure, surely these actions need to come now.

Elizabeth Truss Portrait Elizabeth Truss
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I thank the hon. Lady for her welcome of the economic crime Bill that we will be introducing tomorrow. My right hon. Friend the Business Secretary will be saying more about that in his statement.