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Written question asked by Lord Boateng (Labour) on Tuesday, 24 October 2017, in the House of Lords. It was due for an answer on Tuesday, 7 November 2017. It was answered by Baroness Williams of Trafford (Conservative) on Monday, 6 November 2017 on behalf of the Home Office.


Undocumented Migrants: Financial Services

Question

To ask Her Majesty's Government what discussions they have had with (1) banking regulators, and (2) the Equality and Human Rights Commission, about the application of the provisions of (a) the Immigration Act 2014, and (b) the Immigration Act 2016, by financial service providers.

Answer

The Government engages with industry regularly to understand how well the Immigration Act 2014 banking measures are working. The Financial Conduct Authority, as the independent financial services regulator, has concluded that banks and building societies are complying with the requirements of the 2014 Act.

The Government is continuing to engage with industry and the Financial Conduct Authority ahead of implementation of the Immigration Act 2016 banking measures to ensure operational preparedness.

These measures are a proportionate tool to deter immigration crime, tackle illegal migration and protect the integrity of the immigration system. They are compliant with the Data Protection Act 1998 and the Human Rights Act 1998.


Secondary information

Type
Written question
Reference
HL2423
Session
2017-19
Subjects
Undocumented migrants Financial services
Legislation
Immigration Act 2014
Immigration Act 2016
Link
View this Written question on www.parliament.uk