Question to the Foreign, Commonwealth & Development Office:

To ask Her Majesty's Government what assessment they have made of the use of Delaware-based shell companies for (1) international money laundering, and (2) financing international terrorism; and what plans they have, if any, to raise this at the next G7 summit.

In December 2020, the Government published the UK's third National Risk Assessment of Money Laundering and Terrorism Financing, which presents a comprehensive understanding of the risk of money laundering and the financing of terrorism through the UK. The assessment also covers the risks posed to the UK by activities in overseas jurisdictions. The UK has not conducted any assessment into Delaware specifically.

During its Presidency of the G7 this year, the UK will seek to promote action on corporate transparency, asset recovery, and the implementation of international anti-corruption standards, to build collective security, prosperity and trust in our institutions.