Source · Select Committees · Foreign Affairs Committee
Recommendation 17
17
Acknowledged
It is deeply regrettable that it has needed a war for the Government to make...
Conclusion
It is deeply regrettable that it has needed a war for the Government to make progress on long-promised plans to tackle the flows of illicit finance through London and beyond. While sanctions remain in place, freezing the corrupt wealth of President Putin’s supporters, now is the time to take action: to strengthen legislation against enablers; to adequately resource the National Crime Agency and other bodies The cost of complacency: illicit finance and the war in kraine 27 responsible for bringing criminal cases to trial; and to coordinate strategically with our allies and others, particularly the US, so that those with dirty money no longer have a place to hide it. (Paragraph 40) 28 The cost of complacency: illicit finance and the war in kraine
Government Response Summary
The Government notes these conclusions and states that it has taken robust action over the last decade and will not tolerate the Kremlin’s business model of stealing in Russia to then spend and save in the West, including the UK.
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.