Anthony: This House is united in agreeing that we need to get rid of dirty money from the so-called London laundromat, and I very much welcome these proposals on reforming Companies House, which is a big step in that direction. As a recent Treasury Committee report showed, the economic crime landscape is littered with agencies that are too weak to clamp down on money laundering and fraud. Will the Secretary of State confirm that Companies House will have not just the right resources—other Members have mentioned that—but sufficient powers to really clamp down on the oligarchs, who will no doubt be determined to try to block this?
Kwasi Kwarteng, Secretary of State for Business, Energy and Industrial Strategy of United Kingdom: My hon. Friend will appreciate that the legislation proposed will set up a range of criminal offences. As is always the case with criminal offences, we will absolutely make sure that the people who are enforcing those penalties are properly resourced. I am very keen to work with him to make sure that we get this right
