Mar. 13 2024
Source Page: Immigration Rules archive: 22 February 2024 to 10 March 2024Found: (f) Where personal or business bank statements are required: (i) The bank or building society must
Report Mar. 13 2024
Committee: Public Accounts CommitteeFound: In the case of Silicon Valley Bank UK, government officials had to rapidly draw up several options for
Mentions:
1: Lord Clement-Jones (LD - Life peer) Ofcom did not recommend that online intermediaries or video and audio on-demand services should fall - Speech Link
2: Baroness Bennett of Manor Castle (Green - Life peer) now restricts advertising of a range of products, including junk food, and there is talk of banning gambling - Speech Link
3: Baroness Bakewell of Hardington Mandeville (LD - Life peer) or disability services. - Speech Link
4: Baroness Bakewell of Hardington Mandeville (LD - Life peer) The consumer buys the product and the money is taken from their bank, but it is a totally fake site with - Speech Link
5: Lord Leong (Lab - Life peer) This is where touts list and sell seats they do not have, bank the proceeds and then hope to secure a - Speech Link
Found: notice, and (b) give a copy of the notice to the FCA, OFCOM, the Information Commissioner, the Bank
Asked by: John Hayes (Conservative - South Holland and The Deepings)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will have discussions with banks on (a) limits on spending for gambling addicts and (b) issuing loans to gambling addicts.
Answered by Bim Afolami - Economic Secretary (HM Treasury)
The Government recognises the important role banks and other financial services can play in supporting efforts to tackle gambling related harm.
Around 90% of retail bank accounts and an increasing number of payment providers now offer opt-in gambling blocks, which can be used to manage customers’ gambling spend. The Government welcomes industry-led improvements to these tools. For example, we are aware some providers have made the gambling management tools more customisable, allowing customers to set gambling spending limits or block all transactions entirely.
Regarding loans to people with gambling addictions, protecting vulnerable consumers is a key priority for the Government and the Financial Conduct Authority (FCA), which regulates the consumer credit market. Under FCA rules, firms undertaking creditworthiness assessments must assess whether a customer will repay, but also the customer’s ability to repay affordably and without significantly affecting their wider financial situation.
Officials meet regularly with the FCA and banks to discuss these issues.
In April 2020, the Gambling Commission also introduced a ban on using credit cards to gamble to help minimise the risk of harm to consumers from gambling with money they do not have.
Mar. 11 2024
Source Page: Improving the effectiveness of the Money Laundering RegulationsFound: verifying customer identity • ways to support firms ’ approach to the timing of CDD in cases of bank
Mar. 08 2024
Source Page: The Insolvency (England and Wales) Rules 2016: Keeling ScheduleFound: bankruptcy), any day other than a Saturday, a Sunday, Christmas Day, Good Friday or a day which is a bank
Report Mar. 08 2024
Committee: Public Accounts CommitteeFound: physical activity HC 46 33rd HMRC performance in 2021–22 HC 686 34th The Creation of the UK Infrastructure Bank
Mentions:
1: Baroness Boycott (XB - Life peer) or, “How will I get to the food bank?” - Speech Link
2: Baroness Lampard (Con - Life peer) Gambling Commission data shows that between 2016 and 2023 the number of women gambling online more than - Speech Link
3: Baroness Uddin (Non-affiliated - Life peer) Once again, we are whispering peace despite the mass civilian killing fields of Rafah, the West Bank - Speech Link
Mar. 07 2024
Source Page: Sport England Annual Report and Accounts 2022-2023Found: Corpo ration Tax Sport England pays corporation tax on bank interest received net of bank charges.