Oral Answers to Questions

Stephen Mosley Excerpts

Monday 7th November 2011 Commons Chamber

[Mrs May]

May I write to the hon. Gentleman and set it out to him clearly?

[Stephen Mosley (City of Chester) (Con)]

T4. Organised crime costs the British economy £40 billion a year and affects families, businesses and local communities. What action is my hon. Friend the Minister taking to recover criminal assets and the proceeds of crime?

[James Brokenshire]

My hon. Friend has rightly highlighted the issue of criminal finances. We are determined that criminal proceeds will be taken away from those who commit these appalling offences. In total, using powers such as asset denial and by targeting money launderers, the agencies involved denied criminals more than £1 billion last year. However, we want to take further action, which is why we are setting up the National Crime Agency, and we also want to make asset-recovery quicker, more robust and more effective in order to address the point that he rightly highlighted.