I thank the noble Lord and others who have taken part in this debate. Yes, he is right: the Bill states that the Minister “must issue guidance”, but the problem is that underneath that phrase it states that the guidance “may” include this, that and the other; in other words, it is not sufficiently specific. However, I thank the noble Lord for his response and his promises; I am sure that both the NGOs and the banking sector will see them. I hope that will move things forward and that the specific guidance enabling the banks to become involved—of course, the Government cannot instruct them to do so—is issued. If the Government are clear about what they are expecting, that is what the banking sector needs, while the NGOs need that clarity so they can get on with their work. I am sure this issue will be discussed further in the Commons, but in the meantime, I beg leave to withdraw the amendment.
Sanctions and Anti-Money Laundering Bill [HL]
Proceeding contribution from
Baroness Northover
(Liberal Democrat)
in the House of Lords on Monday, 15 January 2018.
It occurred during Debate on bills on Sanctions and Anti-Money Laundering Bill [HL].
About this proceeding contribution
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788 c508 Session
2017-19Chamber / Committee
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2018-01-16 13:51:06 +0000
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