Barking MP Margaret Hodge could be set to force government clampdown on money laundering
Dame Margaret Hodge MP. - Credit: Archant
The government could be heading for a defeat in the Commons thanks to the efforts of Barking MP Margaret Hodge.
A crunch vote on money laundering is set to take place on Tuesday, May 1.
Dame Margaret is heading up a cross-party group which has tabled an amendment that would mean a companies based in British Overseas Territories would be listed on a public register.
It is hoped this would make it easier to trace the assets of criminals profiting from illegal practices such as people and drugs trafficking.
She has warned of “ever increasing” levels of money laundering happening in British Overseas Territories which include the Cayman Islands, British Virgin Islands and Bermuda.
You may also want to watch:
In total 39 backbench MPs have signed the draft, which Dame Margaret has tabled alongside Conservative MP and former chief whip Andrew Mitchell.
The draft has the support of other senior Conservatives including former chancellor Kenneth Clark and Nicky Morgan.
Most Read
- 1 Teen 'robbed at knifepoint' in Chadwell Heath
- 2 Man, 20, found stabbed in Barking
- 3 Barking man appears in court charged with mother-of-two's murder
- 4 Groomed girl speaks out after 'dangerous' Barking dealer who dealt Class A drugs in East End is jailed
- 5 'Love Island promo' spotted filming in Barking
- 6 Man stabbed in front of son, 12, in 'unprovoked, violent' attack in Barking
- 7 Masks scrapped 'as early as next month' and over 35s jabs 'soon'
- 8 Footage issued of man sought in Maria Rawlings murder investigation
- 9 Dagenham held to a draw at Stockport as they continue unbeaten run
- 10 Chadwell Heath death: Barking man charged with murder of Maria Rawlings
Liberal Democrat leader Sir Vince Cable, former Labour leader Ed Milliband, the SNP’s Westminster leader Ian Blackford and Green Party co-leader Caroline Lucas have all pledged their support.
