Gareth Davies: I am grateful for the comments from Opposition Members.

UK — Parliament · 2024-05-21 · UK · verified record

Themes: Child safety & minors · Online platforms · Search services

Ecosystems: UK Online Safety Act

I am grateful for the comments from Opposition Members. I think we all agree that we want to tackle these issues in the most serious way possible, with the most force. I am comforted by the comments from the Financial Action Task Force, which previously said that the UK has one of the strongest regimes when it comes to tackling economic crime. The levy specifically seeks to fund the tackling of anti-money laundering rather than fraud or sanctions, which I will come on to in a second. It is appropriate to stress that the levy is a targeted measure on the anti-money laundering regulated sector,

I am grateful for the comments from Opposition Members. I think we all agree that we want to tackle these issues in the most serious way possible, with the most force. I am comforted by the comments from the Financial Action Task Force, which previously said that the UK has one of the strongest regimes when it comes to tackling economic crime. The levy specifically seeks to fund the tackling of anti-money laundering rather than fraud or sanctions, which I will come on to in a second. It is appropriate to stress that the levy is a targeted measure on the anti-money laundering regulated sector, …

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