Pauline Latham
Main Page: Pauline Latham (Conservative - Mid Derbyshire)Department Debates - View all Pauline Latham's debates with the Leader of the House
(4 months ago)
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Mrs Pauline Latham (Mid Derbyshire) (Con)
Our sanctions on the Russian Federation are much needed, but they are being undermined by a weak, politically compromised global anti-money laundering system, which means that Russia is not on any domestic money laundering blacklist. May we have a debate on how we can strengthen our anti-money laundering regulations, particularly to make sure that Putin cannot use UK businesses to finance his illegal war in Ukraine, as he is now?
Penny Mordaunt
I thank my hon. Friend for raising that important matter. She is absolutely right. She will know that in March the Treasury launched a consultation on anti-money laundering regulations to further strengthen the effectiveness of that regime, and to ensure that they responding to emerging changes and that the burdens placed on businesses are appropriate. I will make sure that the relevant Minister has heard her interest in this matter and that she is updated.