Freezing of Assets: Iran

(asked on 28th March 2022) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate his Department has made of the total value of assets frozen to date under the The Iran (Sanctions) (Human Rights) (EU Exit) Regulations 2019.


Answered by
John Glen Portrait
John Glen
Paymaster General and Minister for the Cabinet Office
This question was answered on 31st March 2022

The Office of Financial Sanctions (OFSI) undertakes an annual frozen assets review, requiring all persons or institutions that hold or control frozen assets in the UK to report to OFSI, from which this figure is taken. The figures are then published in OFSI’s annual review each autumn. The total frozen assets reported in the 2021 annual review were £12.2 billion. The figures for 2021 are being finalised.

As at September 2020, the value of assets reported to OFSI as frozen in the UK under The Iran (Sanctions) (Human Rights) (EU Exit) Regulations 2019 was £17.60.

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