UK Property Ownership: Overseas Jurisdictions Debate
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Lord McFall of Alcluith
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UK Property Ownership: Overseas Jurisdictions
Lord McFall of Alcluith Excerpts(3 years, 3 months ago)
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Lord Callanan (Con)
The financing of development activity is, of course, a commercial decision and the Government do not intervene in those investments. But, in March 2021, in a co-ordinated effort with the European Union, the US and Canada, the UK imposed sanctions, including travel bans and asset freezes, on several Chinese officials in response to the human rights abuses against the Uighur community. I assure the noble Lord that we continue to monitor the situation. The UK has introduced global human rights sanctions regimes, complementing our anti-money laundering measures, including those implicated in human rights abuses, ensuring that they cannot utilise funds that have been obtained illicitly in the UK.
The Lord Speaker (Lord McFall of Alcluith)
My Lords, that concludes Oral Questions for today.