Lords delay Rwanda bill to next week in blow to Rishi Sunak’s agenda

Published

1 year ago

April 18, 2024

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The House of Lords has delayed the passing of the government’s Rwanda bill until next week – in a blow to Rishi Sunak’s attempts to get planes off the ground deporting illegal migrants to the country.

MPs overturned Tuesday’s attempts by the House of Lords to dilute the plan – but peers have now put forward even more changes to the proposed new law.

It is now expected that the Commons will consider the changes on Monday next week, dashing No 10’s hopes to get it through today.

Downing Street has been unwilling to concede any ground on the areas that peers are trying to amend, including on the treatment of people who served with or for the British armed forces abroad.

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No 10 had set its sights on passing the legislation this week as part of its plans to get planes in the air in the spring.

The Safety of Rwanda (Asylum and Immigration) Bill was tabled last year after the Supreme Court ruled the previous scheme to deport asylum seekers who arrived illegally in the UK was unlawful.

The current bill aims to declare Rwanda safe and not allow courts to consider the safety of the nation during appeals.

This is being done based on a new treaty agreed between the UK government and the government in Rwanda.

Speaking earlier on Wednesday, the prime minister’s spokesperson ruled out doing a deal on any of these changes. “We are not considering concessions,” they said.

“We believe the bill as it stands is the right bill and the quickest way to get flights off the ground.”

What are the latest amendments suggested by the Lords?

Of the four amendments added on Tuesday, three were tabled by Labour peers and one by a crossbencher.

The proposed changes sought to:
• ensure the bill complies with domestic and international law;
• that Rwanda would not be declared safe until a report was completed;
• that appeals based on safety would be allowed;
• and that exemptions would be allowed for people who served with or for the British armed forces.

Peers want to insist on the amendments about people who assisted the UK’s armed forces, and a report advising on the safety of Rwanda, in particular.

The government was defeated on the first by 245 votes to 208 – a majority of 37, and the second by 247 votes to 195 – a majority of 52.

Labour and crossbench peers – those who do not associate with a political party – worked together to outvote the Conservatives.

A government source told Sky News: “We wanted to get it done today, but it shows Labour for their true colours.”

Responding to the latest defeats, Northern Ireland minister Steve Baker told Sky News that he was “extremely disappointed” with the delays.

He denied the government had “slammed the door” on people like interpreters in Afghanistan who worked with UK armed forces.

But Mr Baker said people wanting to come to the UK who had served with British armed forces had to go through the Ministry of Defence.

“They shouldn’t be travelling with people smugglers illegally across the channel – and that’s what we’ve got to break,” he said.

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Approach to military interpreters ‘shameful’ – Labour

The amendment on people who helped the armed forces has been at the centre of a heated debate – with the government saying it is waiting for a report on the Afghan Relocations and Assistance Policy (ARAP) before setting out its steps.

But Labour’s shadow home secretary Yvette Cooper said: “Tory MPs just voted to insist that Afghan interpreters who served British armed forces can be sent to Rwanda.

“A scheme which costs £2m per asylum seeker. A £500m plus scheme for less than 1% of asylum seekers. Which now includes those who worked with our troops

“Shameful and shambolic.”

Johnny Mercer, a former soldier and the government’s veterans minister, replied: “My team have worked night and day to find permanent accommodation for circa 25,000 Afghans who the UK have provided sanctuary to, without you lifting a finger to help.

“We want them to use safe routes, not undertake lethal channel crossings. Your concern is fake.”

Politics

Retired artist loses $2M in crypto to Coinbase impersonator

Published

1 hour ago

May 18, 2025

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Retired artist loses M in crypto to Coinbase impersonator

Retired artist Ed Suman lost over $2 million in cryptocurrency earlier this year after falling victim to a scam involving someone posing as a Coinbase support representative.

Suman, 67, spent nearly two decades as a fabricator in the art world, helping build high-profile works such as Jeff Koons’ Balloon Dog sculptures, according to a May 17 report by Bloomberg.

After retiring, he turned to cryptocurrency investing, eventually accumulating 17.5 Bitcoin (BTC) and 225 Ether (ETH) — a portfolio that comprised most of his retirement savings.

He stored the funds in a Trezor Model One, a hardware wallet commonly used by crypto holders to avoid the risks of exchange hacks. But in March, Suman received a text message appearing to be from Coinbase, warning him of unauthorized account access.

After responding, he got a phone call from a man identifying himself as a Coinbase security staffer named Brett Miller. The caller appeared knowledgeable, correctly stating that Suman’s funds were stored in a hardware wallet.

He then convinced Suman that his wallet could still be vulnerable and walked him through a “security procedure” that involved entering his seed phrase into a website mimicking Coinbase’s interface.

Nine days later, a second caller claiming to be from Coinbase repeated the process. By the end of that call, all of Suman’s crypto holdings were gone.

Retired artist loses $2M in crypto to Coinbase impersonator — *Crypto scammers impersonate Coinbase support. Source:* *NanoBaiter*

Coinbase suffers major data breach

The scam followed a data breach at Coinbase disclosed this week, in which attackers bribed customer support staff in India to access sensitive user information.

Stolen data included customer names, account balances, and transaction histories. Coinbase confirmed the breach impacted roughly 1% of its monthly transacting users.

Among those affected was venture capitalist Roelof Botha, managing partner at Sequoia Capital. There is no indication that his funds were accessed, and Botha declined to comment.

Coinbase’s chief security officer, Philip Martin, reportedly said the contracted customer service agents at the center of the controversy were based in India and had been fired following the breach.

The exchange has also said it plans to pay between $180 million and $400 million in remediation and reimbursement to affected users.

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Politics

UK to require crypto firms to report every customer transaction

Published

5 hours ago

May 18, 2025

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UK to require crypto firms to report every customer transaction

United Kingdom crypto companies will need to collect and report data from every customer trade and transfer beginning Jan. 1, 2026 as part of a broader effort to improve crypto tax reporting, the UK government said.

Everything from the user’s full name, home address and tax identification number will need to be collected and reported for every transaction, including the cryptocurrency used and the amount moved, the UK Revenue and Customs department said in a May 14 statement.

Details of companies, trusts and charities transacting on crypto platforms will also need to be reported.

Failure to comply or inaccurate reporting may incur penalties of up to 300 British pounds ($398.4) per user. The UK Revenue and Customs department said it would inform companies on how to comply with the incoming measures in due course.

However, UK authorities are encouraging crypto firms to start collecting data now to ensure compliance readiness.

The new rule is part of the UK’s integration of the Organisation for Economic Development’s Cryptoasset Reporting Framework to improve transparency in crypto tax reporting.

The changes reflect the UK government’s aim to establish a more robust regulatory framework that supports industry growth while ensuring consumer protection.

UK Chancellor Rachel Reeves also introduced a draft bill in late April to bring crypto exchanges, custodians and broker-dealers within its regulatory reach to combat scams and fraud.

“Today’s announcement sends a clear signal: Britain is open for business — but closed to fraud, abuse, and instability,” Reeves said at the time.

A study from the UK’s Financial Conduct Authority last November found that 12% of UK adults owned crypto in 2024 — a significant increase from the 4% reported in 2021.

UK’s approach contrasts with EU’s MiCA

The UK’s move to integrate the crypto rules into its existing financial framework contrasts with the European Union’s approach, which introduced the new Markets in Crypto-Assets Regulation framework last year.

According to the MiCA Crypto Alliance, one key difference is that the UK will allow foreign stablecoin issuers to operate in the UK without needing to register.

There will also be no cap on stablecoin volumes, unlike the EU’s approach, which may impose controls on stablecoin issuers to manage systemic risks.

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Politics

Hong Kong police busts $15M laundering ring that used crypto, 500 bank accounts

Published

9 hours ago

May 18, 2025

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Hong Kong police busts M laundering ring that used crypto, 500 bank accounts

Hong Kong police arrested 12 people involved in a cross-border money laundering scheme that relied on crypto and over 500 stooge bank accounts to launder HK$118 million ($15 million), local news outlets reported.

The syndicate was dismantled on May 15, resulting in the arrest of nine men and three women in mainland China and Hong Kong.

The suspects allegedly recruited others to open bank accounts to receive proceeds from fraud cases, which were then converted into crypto at crypto exchange shops to launder the illicit funds, Hong Kong Commercial Daily reported on May 17.

The criminal organization rented a residential unit in the Hong Kong neighborhood of Mong Kok to plan and carry out its money laundering activities. Of the $15 million laundered, more than $1.2 million was linked to 58 reported fraud cases.

Caught in action

The bust followed police surveillance on May 15, when two recruits left the syndicate’s Mong Kok base — one visiting a bank, the other an ATM — before both went to convert the cash into crypto at a crypto exchange shop in the neighborhood of Tsim Sha Tsui.

Police arrested both individuals on the spot, seizing around HK$770,000 ($98,540) in cash before the funds could be laundered. The other 10 individuals, aged between 20 and 41, were arrested soon after.

Police seized approximately HK$1.05 million ($134,370) in cash, over 560 ATM cards, multiple mobile phones, bank documents and records related to crypto transactions.

Senior Inspector Tse Ka-lun of Hong Kong’s Commercial Crime Bureau claimed that the individuals often used bank accounts from their friends and family to launder the stolen funds.

Hong Kong reported a 12% year-on-year increase in fraud reports in 2024, with authorities making more than 10,000 fraud-related arrests. Of those arrests, around 73% involved individuals who held stooge bank accounts.

The crackdown comes as Hong Kong continues to roll out its crypto regulatory framework to support local innovation, protect consumers and establish itself as a crypto hub.

Hong Kong’s Securities and Futures Commission introduced new rules for crypto exchanges offering staking services in April. Two months earlier, the securities regulator rolled out a roadmap to improve market access, optimize compliance, expand product offerings, strengthen crypto infrastructure and foster relationships with industry players.

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