Support for Ukraine

Part of Foreign, Commonwealth and Development Office – in the House of Commons on 8th March 2022.

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Photo of Catherine McKinnell Catherine McKinnell Chair, Petitions Committee, Chair, Petitions Committee

The Foreign Secretary knows that a vital way to help Ukraine is to prevent those who have stolen money from the Russian people from hiding it in our capital city, but after years of austerity, our hollowed-out enforcement agencies simply do not have the resources to go toe to toe with billionaire oligarchs. The world’s other major financial centre, New York, does not have the same problem and takes a much more robust and well-resourced approach to the tackling of illicit finances. Will the Foreign Secretary acknowledge that unless we properly fund our law agencies that can tackle illicit funding, we can have all the tough laws in the world but people will still see the UK as a soft touch?