Global Anti-Corruption Sanctions

Tom Tugendhat Excerpts

Monday 26th April 2021 Commons Chamber

[Dominic Raab]

Thank you, Madam Deputy Speaker. The fact is that the hon. Lady, who agrees with us on this policy point, resorts to the mudslinging because she does not have too much more to say on the substance.

[Tom Tugendhat (Tonbridge and Malling) (Con) [V]]

First, may I congratulate my right hon. Friend? He knows how passionately many of us have supported his quest to make corruption part of the sanctions regime. Indeed, it was the Foreign Affairs Committee with its “Moscow’s Gold” report in May 2018 that called for action not only on those abroad who are corrupt, but on those who are enablers in the UK. Indeed, I hope that he will highlight to the House exactly where those agencies and individuals in the UK who are assisting with corruption could be held to account as well.

I welcome very much the identification that the Secretary of State has given us today of Russian, South African, Honduran, Nicaraguan, Guatemalan and Sudanese elements. Perhaps, for his second tranche, I could ask him to look a little bit wider. We know that corruption is undermining the people of China. We know that the red princes are robbing the people and enriching themselves already. We also know that the Maduro regime in Venezuela has stolen off the Venezuelan people now for the best part of a decade, and, before then, the Chávez regime did the same. The Iranian Revolutionary Guard Corps has been stealing off the Iranian people for decades and continues to enrich itself off the back of a proud and independent people. Perhaps he could address some of those countries when he responds.

The last point I wish to make is that, while the Foreign Secretary has mentioned Russia, it would be good to hear him talk about those who are close to the Putin regime—those who directly assist President Vladimir Putin in hiding hundreds of billions of pounds overseas. We know that there are many around the world who, sadly, have used our own markets and other territories that are dependent on us to hide wealth. Will he assist in exposing where that money is hidden and using these powers to hold them to account?

[Dominic Raab]

I pay tribute to my hon. Friend and his Committee. He has not only campaigned passionately for this but provided, bit by bit, some of the evidence both for the regime and for the focus. I take his point about further tranches and further designations. Of course, we will consider all evidence that we have, whether it is open source or provided by Committees—he should feel free to provide it. He will forgive me if I do not accept the temptation at this point to speculate on future designations, but we remain open to seeing all the evidence to which he refers.