Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the potential merits of bringing forward proposals to strike off company directors who have been subject to economic sanctions.

In the Corporate Transparency and Register Reform White Paper published on 28 February 2022, the Government confirmed that it will introduce measures to void the appointment, and prevent the registration, of individuals acting as directors where they are subject to sanctions by virtue of being ‘designated persons’ under section 9 of the Sanctions and Anti-Money Laundering Act 2018. The Government has committed to legislating on economic crime in the next session of this parliament.