Freezing of Assets
(asked on 7th September 2021) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how many assets have been frozen in the UK as a result of financial sanctions against designated people and entities under the Global Anti-Corruption Sanctions Regulations 2021 since the regime was introduced in April 2021.
This question was answered on 13th September 2021
Since the launch of the Global Anti-Corruption financial sanctions regime in April 2021, an asset freeze has been imposed against 27 individuals. The Office of Financial Sanctions Implementation (OFSI) undertakes an annual review of frozen assets in the UK, requiring all persons or institutions that hold or control frozen assets in the UK to report to OFSI. That review has not yet commenced for 2021 but will commence shortly and details of frozen assets reported will be published in OFSI’s 2021-2022 Annual Review next year.
Since the launch of the Global Anti-Corruption financial sanctions regime in April 2021, an asset freeze has been imposed against 27 individuals. The Office of Financial Sanctions Implementation (OFSI) undertakes an annual review of frozen assets in the UK, requiring all persons or institutions that hold or control frozen assets in the UK to report to OFSI. That review has not yet commenced for 2021 but will commence shortly and details of frozen assets reported will be published in OFSI’s 2021-2022 Annual Review next year.