Source · Select Committees · Foreign Affairs Committee
Second report - The cost of complacency: illicit finance and the war in Ukraine
Foreign Affairs Committee
HC 168
Published 30 June 2022
Recommendations
6
Deferred
Para 17
The Government should publish its long-awaited review of the Tier 1 Investor visa scheme without...
Recommendation
The Government should publish its long-awaited review of the Tier 1 Investor visa scheme without delay. It should also explain: whether it intends to review Investor visas issued since 2015; what action it will take in relation to those who …
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Government Response Summary
The government notes the recommendation and states that the review of the Tier 1 Investor visa scheme is being finalised and it is their aim to publish it in the near future.
Foreign and Commonwealth Office
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10
Deferred
The vectors of illicit finance are often companies.
Recommendation
The vectors of illicit finance are often companies. Therefore, the FCDO should work across Government to encourage reform of outdated and ineffective corporate criminal liability laws which mean that it is difficult to hold large companies to account for economic …
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Government Response Summary
The Government notes this recommendation and is carefully assessing the options presented by the Law Commission's review of how corporates could be better held to account for committing serious crimes, and continues to work collaboratively with them and other key stakeholders to review and take forward sensible reforms.
Foreign and Commonwealth Office
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