Korean Peninsula

Robert Jenrick Excerpts

Tuesday 5th September 2017 Commons Chamber

[Boris Johnson]

The new element is the increasing desire of the North Korean regime illegally to test nuclear weapons and threaten its neighbours and those further afield, and the acquisition of what looks like an intercontinental ballistic missile with what could be a hydrogen bomb capability. That is the new element, which requires international co-ordination to defeat.

[Robert Jenrick (Newark) (Con)]

North Korea’s regime is partly financed by money laundered through Chinese regional banks and companies. In the US, the Treasury Department has taken decisive action to cut off those organisations—even those that are Chinese—from the financial system, and prosecutions have been launched in the past few days. Will the UK Government do exactly the same to those organisations operating out of the City of London?

[Boris Johnson]

We are certainly in favour of ensuring that all the sanctions that are currently in place are fully applied. If it is necessary to take action in respect of the City of London, we certainly shall do so.