Economic Crime (Transparency and Enforcement) Bill — New Clause 29 — Asset Freezing in Respect of Individuals Considered for Sanctions — 7 Mar 2022 at 21:34
The majority of MPs voted not to forbid individuals named as being considered as a subject of sanctions from selling their assets or moving funds or assets out of the UK.
The proposed new clause rejected by a majority of MPs in this vote was titled: Asset freezing in respect of individuals considered for sanctions and began:
- (1) The Secretary of State may by notice publish the name of a person being considered as a subject for sanctions.
- (2) A person in respect of whom a notice has been published under subsection (1) is immediately subject to the provisions of this section.
- (3) A person in respect of whom a notice has been published under subsection (1) is prohibited from—
- (a) selling any assets they own or have an interest in,
- (b) moving any assets they own or have an interest in out of the United Kingdom, or
- (c) moving any of their funds out of the United Kingdom.
- (4) ‘Assets’ in subsection (3)(a) or (b) includes (but is not limited to)—
- (a) land;
- (b) houses, flats or other private accommodation;
- (c) commercial, industrial, agricultural and other buildings, premises or property;
- (d) businesses;
- (e) personal possessions, works of art, jewellery or collectibles with an individual value of more than £500;
- (f) motor vehicles;
- (g) yachts or boats; and
- (h) aircraft.
The rejected new clause continued with definitions and provisions for related offences.
The rejected new clause was accompanied by the following explanatory statement from its proposer:
- This new clause would prevent individuals whom the Secretary of State has named as being considered as a subject for sanctions from selling their assets or moving funds or assets out of the UK.
The explanatory notes to the Bill state:
- Sanctions are an important foreign policy and national security tool. They are restrictive measures which are designed to be temporary and can be used to coerce a change in behavior, to constrain behavior, or to communicate a clear political message to other countries or persons.
-  Parliament's webpage on the Economic Crime (Transparency and Enforcement) Bill, Parliament.uk
-  Economic Crime (Transparency and Enforcement) Bill, as introduced 1 March 2022, Parliament.uk
-  Explanatory notes to the Economic Crime (Transparency and Enforcement) Bill, as introduced 1 March 2022, Parliament.uk
Votes by party, red entries are votes against the majority for that party.
What is Tell? '+1 tell' means that in addition one member of that party was a teller for that division lobby.
What are Boths? An MP can vote both aye and no in the same division. The boths page explains this.
What is Turnout? This is measured against the total membership of the party at the time of the vote.
|Party||Majority (No)||Minority (Aye)||Both||Turnout|
|Con||299 (+2 tell)||9||0||85.6%|
|Lab||0||163 (+2 tell)||0||82.5%|
|John Baron||Basildon and Billericay||Con||aye|
|Peter Bone||Wellingborough||Con (front bench)||aye|
|David Davis||Haltemprice and Howden||Con||aye|
|Philip Hollobone||Kettering||Con (front bench)||aye|
|Julian Lewis||New Forest East||whilst Con||aye|
|Tim Loughton||East Worthing and Shoreham||Con (front bench)||aye|
|Jason McCartney||Colne Valley||Con||aye|
|Julian Sturdy||York Outer||Con (front bench)||aye|