Pauline Latham
Main Page: Pauline Latham (Conservative - Mid Derbyshire)Department Debates - View all Pauline Latham's debates with the Leader of the House
(9 months ago)
Commons ChamberRead Full debate Read Hansard Text Watch Debate Read Debate Ministerial Extracts
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.