Financial Sanctions Regime

Part of Treasury – in the House of Commons at on 20 June 2023.

Alert me about debates like this

Photo of Rachel Hopkins Rachel Hopkins Shadow Minister (Defence)

Constituents in Luton South have raised concerns about the financial sanctions regime with me. Can the Government confirm whether it is still the case that Russian account holders in the UK can hold £50,000 or more in their accounts? What is to prevent individuals of concern simply parcelling up assets through proxies into a large network of accounts below the permitted level?