UK Inquiry Tracker

Financial Crime and Development

International Development Committee Closed Inquiry

Opened: 9 Mar 2011 Closed: 1 Apr 2012 Parliament page

Financial crimes undermine development when public money is diverted from necessary legitimate expenditure programmes in order to enrich private individuals. BAe was recently convicted of failing to keep proper books and records in relation to the sale of an air traffic control system to Tanzania. It was fined £500,000. BAE … Read more Financial crimes undermine development when public money is diverted from necessary legitimate expenditure programmes in order to enrich private individuals. BAe was recently convicted of failing to keep proper books and records in relation to the sale of an air traffic control system to Tanzania. It was fined £500,000. BAE agreed to pay an amount representing the balance of the value of the contract (after deducting the fine) for the benefit of the people of Tanzania. That balance amounts to £29.5m. In addition, there are concerns about the implementation of the Bribery Act 2010. Terms of Reference when the Committee called for Written Evidence The Committee will undertake a brief inquiry, looking in particular at: How BAe will ensure that its payment to Tanzania is used effectively for development purposes. What advice DFID has given to BAe and other bodies about how this money might be used. Whether the law needs to be changed to ensure that British companies and individuals found guilty of financial crimes in developing countries are always required by the court to make reparations to the developing country concerned. Whether further changes to the Bribery Act 2010 or other legislation are required. Whether the UK prosecuting authorities have the resources and powers they need to prosecute transnational financial crimes, particularly when there are also criminal proceedings in another jurisdiction in respect of the same issue How the Government co-ordinates its policy against transnational financial crime. The deadline for submitting written evidence is Monday 4 April 2010 Written evidence submitted should: Be provided electronically in MS Word or Rich Text format by e-mail to indcom@parliament.uk. If submitted by e-mail or e-mail attachment, a letter should also be sent validating the e-mail. The letterhead should contain your full postal address and contact details, Begin with a one page summary if it is longer than six pages, Have numbered paragraphs, Avoid the use of colour or expensive-to-print material. Submissions can also be sent by post to International Development Committee, House of Commons, 7 Millbank, London, SW1P 3JA. View guidance on giving evidence to Select Committees. Please also note that: Material already published elsewhere should not form the basis of a submission, but may be referred to within written evidence, in which case a hard copy of the published work should be included. If a number of published documents are sent to accompany written evidence, these should be listed in the covering email. Written evidence submitted must be kept confidential until published by the Committee, unless publication by the person or organization submitting it is specifically authorised. Once submitted, evidence is the property of the Committee. The Committee normally, though not always, chooses to make public the written evidence it receives, by publishing it on the internet (where it will be searchable), by printing it or by making it available through the Parliamentary Record Office. If there is any information you believe to be sensitive you should highlight it and explain what harm you believe would result from its disclosure. The Committee will take this into account in deciding whether to publish or further disclose the evidence. It would be helpful, for Data Protection purposes, if individuals wishing to submit written evidence send their contact details separately in a covering letter. You should be aware that there may be circumstances in which the House of Commons will be required to communicate information to third parties on request, in order to comply with its obligations under the Freedom of Information Act 2000. Select Committees are unable to investigate individual cases. Show less

2 Reports

Activity timeline 3 events

27 Mar
2012

Report published

10th Special Report - Financial Crime and Development: Government Response to the Committee's Eleventh Report of Session 2010-12 (Report, t…

30 Nov
2011

Report published

11th Report - Financial Crime and Development - Volume II (Volume II: Additional (Unprinted) Written Evidence)

30 Nov
2011

Report published

11th Report - Financial Crime and Development - Volume I (Volume I: Report, together with formal minutes, oral and written evidence)

Reports 2 reports · click to expand

Title	HC No.	Published	Items	Response
11th Report - Financial Crime and Development - Volume II (Volum…		30 Nov 2011	0
11th Report - Financial Crime and Development - Volume I (Volume…	HC 847	30 Nov 2011	0