The Sanctions and Anti-Money Laundering Act 2018 created no new monetary penalties for financial sanctions or anti-money laundering breaches. Any monetary penalties for breaches of financial sanctions imposed using the powers established by the Act will be paid into the Consolidated fund. No estimates have been made of the value of such potential penalties, or any other consequential implications for the public finances.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4051", "label" : {"_value" : "Biography information for John Glen"} } , "answeringMemberConstituency" : {"_value" : "Salisbury"} , "answeringMemberPrinted" : {"_value" : "John Glen"} , "dateOfAnswer" : {"_value" : "2018-11-12", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2018-11-12T17:37:52.4Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2018-11-06", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Sanctions and Anti-money Laundering Act 2018"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Chancellor of the Exchequer, what estimate he has made of the money which will accrue to the public purse as a result of the coming into force of the Sanctions and Anti-Money Laundering Act 2018; and for what reason that estimate was not published in the Avoidance and Evasion section of Budget 2018.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/1484", "label" : {"_value" : "Biography information for Helen Goodman"} } , "tablingMemberConstituency" : {"_value" : "Bishop Auckland"} , "tablingMemberPrinted" : [{"_value" : "Helen Goodman"} ], "uin" : "188751"} , {"_about" : "http://data.parliament.uk/resources/1001933", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1001933/answer", "answerText" : {"_value" : "
In 2017/18, HMRC levied 810 penalties, amounting to over £14 million, against employers who failed to pay workers the National Minimum and Living Wage (NMW). In the same period, there was one prosecution for obstructing an NMW investigation resulting in a fine of £2,977.<\/p>
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Breaches of NMW legislation are normally a civil matter, where the consequences for not complying with NMW rules can include fines of 200% of the arrears and public naming. Criminal prosecution is reserved for the most serious non-compliance.<\/p>
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