Question to the Ministry of Justice:

To ask the Secretary of State for Justice, what plans he has to bring forward legislative proposals to make banks and large companies criminally responsible for employees who embezzle funds, launder money and evade tax.

The Government is consulting until 10 July on legislation and guidance for a corporate offence of failure to prevent the criminal facilitation of tax evasion.

Separately, The Prime Minister announced on 11 May that the Government will consult on extending the criminal offence of “failure to prevent” to other economic crimes such as fraud and money laundering.