L

Lord Ahmad of Wimbledon (Con)

Speaking in the House of Lords on 14 September 2026

Debate

International Financial Fraud

Contribution

My Lords, as a former Minister for the Overseas Territories, I worked closely with our OTs. Many of them represent the best of British and we should stand by and support them. They operated a scheme of exchange of notes, which allowed for legal authorities and tax authorities to get through. Can the Minister reassure me that overseas territories that need support will be supported by His Majesty’s Treasury? Some do not require a SAMLA register: Tristan da Cunha does great lobster, but it is not a centre for financial services. Can the Minister reassure me that we will look at this tactfully and strategically?

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