✓ Passed into LawLords
UK Parliament · Bill
Sanctions and Anti-Money Laundering Act 2018
Summary
This Act gives the UK government power to punish countries and individuals involved in serious crimes by freezing their money and banning trade with them. It also tightens rules on banks and businesses to stop criminals from hiding illegal money through normal financial systems.
A vote to support means
- —Supporting this Act means backing stronger rules to stop criminals and terrorists from hiding stolen money and moving it around the world. It gives the government and banks better tools to catch financial crimes and protects the UK's reputation as a trustworthy financial centre.
A vote to oppose means
- —Some people worry the Act gives too much power to government agencies to freeze people's money and assets without enough checks. Businesses also complain it creates expensive paperwork requirements that are hard to follow.
Cast Your Vote
People's Vote0 votes
0% Support · 00% Oppose · 0
Parliament's Vote608 MPs
49% Ayes · 29551% Noes · 313
Bill Passage
Commons
- 1st reading25 Jan 2018
- 2nd reading20 Feb 2018
- Committee stage27 Feb 2018
- 3rd reading1 May 2018
- Report stage1 May 2018
Lords
- 1st reading18 Oct 2017
- 2nd reading1 Nov 2017
- Committee stage21 Nov 2017
- Report stage15 Jan 2018
- 3rd reading24 Jan 2018
Royal Assent23 May 2018
Full Bill Description(click to expand)
No description available