Oral Answers to Questions

Gavin Newlands Excerpts

Tuesday 6th September 2022 Commons Chamber

[Vicky Ford]

The UK remains one of the largest donors of official development assistance in the world. In Somalia in particular, the situation is tragic. We have been leading the way with our aid and to bring in other donors. The hon. Member knows that I announced further advancements of funding into Somalia from the UK just last week. We continue to prioritise Somalia, but it is important that we bring in other donors, which is why we have worked with the World Bank, encouraging it to accelerate the $30 billion that it is sending out across the world into the horn of Africa, which it is now doing.

[Gavin Newlands (Paisley and Renfrewshire North) (SNP)]

5. What recent steps the Government have taken to help tackle global networks of illicit finance.

[The Parliamentary Under-Secretary of State for Foreign, Commonwealth and Development Affairs (Vicky Ford)]

The UK has one of the strongest systems for combating international illicit finance—a system that, since Russia’s invasion of Ukraine, we have further strengthened under this Government through the Economic Crime (Transparency and Enforcement) Act 2022. Through the Russian elites, proxies and oligarchs taskforce, we work closely with international partners to ensure that there is nowhere for dirty money to hide overseas. For more detail on our approach to illicit finance, I refer the hon. Gentleman, who seems to be looking at his phone, to the Government’s response to the Foreign Affairs Committee’s recent report, which will be published shortly.

[Mr Speaker]

I think the Minister is referring to a different Member. [Interruption.]

[Gavin Newlands]

I accept the Minister’s apology.

It should be a source of national shame that it took a full-scale invasion of Ukraine for the Government to take our illicit finance problem seriously. Of course we welcome the sanctions against the Kremlin, but they do not address the UK’s serious and entrenched illicit finance problem. Will the Minister advise the new Foreign Secretary and Chancellor, whoever they may be—although it has been pretty well leaked—to establish an independent anti-illicit finance commissioner, who is tasked with strengthening the UK’s financial infrastructure in the interests of national security, to whom the Government are accountable?