I am most grateful. My right hon. Friend’s new clause is very important but, as he would probably concede, a difficulty with it is that we need alongside it transparency in respect of beneficial ownership; otherwise, we will not know who owns the assets. The problem is that the ownership of a lot of the assets is hidden. Does he agree that for his new clause to be truly effective we need a day-one capability to see who owns the assets?
Economic Crime (Transparency and Enforcement) Bill
Proceeding contribution from
Kevin Hollinrake
(Conservative)
in the House of Commons on Monday, 7 March 2022.
It occurred during Committee of the Whole House (HC) on Economic Crime (Transparency and Enforcement) Bill.
About this proceeding contribution
Reference
710 c114Session
2021-22Chamber / Committee
House of Commons chamberSubjects
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2022-03-08 14:53:46 +0000
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