To ask the Secretary of State for Foreign and Commonwealth Affairs what progress he has made in recovering any Ukrainian assets held in the UK that have been improperly acquired.
The UK is firmly committed to fighting corruption and rooting out stolen assets. We will work with EU partners to ensure the right EU framework is in place to facilitate asset freezes in full compliance with all existing UK regulation. The UK will not be a safe haven for corruptly acquired funds. Our existing domestic legislation requires businesses to conduct enhanced due diligence in relation to transactions with Politically Exposed Persons, including measures to establish source of wealth and funds, and ongoing monitoring of any business relationship. On