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 Marvel movie blockbuster Black Widow filmed in Dagenham
- 2 Man in hospital after being found with facial injuries in Dagenham
- 3 Storage building next to disused Dagenham pub destroyed by fire
- 4 Dagenham man sentenced after flying kick at cop during Black Lives Matter demo
- 5 Guilty: Who was jailed across east London in July?
- 6 Hospital visitors urged to take Covid lateral flow tests
- 7 Teenage pedestrian in hospital after Dagenham crash
- 8 Tube strike suspended to allow for further talks
- 9 Man, 19, stabbed in thigh in Dagenham
- 10 Work to begin on river bus pier at Barking Riverside
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.
