Source · Select Committees · Foreign Affairs Committee
Recommendation 16
16
Acknowledged
Paragraph: 39
We will continue to monitor the Government’s progress on the next Economic Crime Plan, the...
Conclusion
We will continue to monitor the Government’s progress on the next Economic Crime Plan, the Economic Crime Bill 2 and Companies House reform. We will look at how effectively the UK continues to maintain pressure on Russia through sanctions and, more critically, how the Government enforces its sanctions so that they have the intended impact of crippling the Russian war machine and deterring those who would aid Putin’s regime.
Government Response Summary
The government notes that the Committee will continue to monitor progress on the Economic Crime Plan, Economic Crime Bill 2, and Companies House reform, as well as the effectiveness of sanctions against Russia.
Paragraph Reference:
39
Government Response
Acknowledged
HM Government
Acknowledged
The Government notes these conclusions. We have taken robust action over the last decade. But we are not complacent about the threat. We are going further. We will not tolerate the Kremlin’s business model of stealing in Russia to then spend and save in the West, including the UK or the Crown Dependencies and Overseas Territories. Money obtained through corruption or criminality, including that linked to Russia, is not welcome in the UK. Corrupt elites connected to the Kremlin are our targets. The full weight of law enforcement bears down on those who threaten the security of the UK and our allies through criminality.