B

Baroness Kramer (LD)

Speaking in the House of Lords on 14 September 2026

Debate

International Financial Fraud

Contribution

My Lords, stopping the money laundering means stopping the enablers. Will the Government rethink their legislation to transfer from professional bodies to the FCA the direct AML supervision of professional firms? Have they now recognised that the FCA lacks the resources and the expertise but, worst of all, that it has no capacity to provide the myriad small firms with adequate support rather than general guidance, thereby creating huge loopholes?

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