Proceeds of Crime

Home Office written question – answered on 5th January 2015.

Alert me about debates like this

Photo of Menzies Campbell Menzies Campbell Liberal Democrat, North East Fife

To ask the Secretary of State for the Home Department, how many assets of criminal origin have been repatriated from the UK to jurisdictions overseas since 1 January 2014.

Photo of Menzies Campbell Menzies Campbell Liberal Democrat, North East Fife

To ask the Secretary of State for the Home Department, what (a) legislative measures and (b) further reviews have been instigated as a result of the Arab Spring Asset Recovery Taskforce Review led by Michael Beloff; and if she will make a statement.

Photo of Menzies Campbell Menzies Campbell Liberal Democrat, North East Fife

To ask the Secretary of State for the Home Department, on how many occasions the UK has imposed an asset freeze on an individual with reference to former regimes in the Arab Spring countries since the creation of the Arab Spring Asset Recovery Taskforce; what the value is of such assets; and if she will make a statement.

Photo of Karen Bradley Karen Bradley The Parliamentary Under-Secretary of State for the Home Department

Although no assets have been repatriated since 1 January 2014, there are a number of ongoing investigations and the UK authorities are assisting a number of overseas jurisdictions in their continuing efforts to recover criminal

funds. In 2011, the EU adopted restrictive measures in view of the situations in Libya, Tunisia and Egypt, including an asset freeze on funds and economic resources owned or controlled by designated persons and entities. These

measures are implemented by EU Regulations, which have direct effect in the UK and are separate to those which enable the UK to restrain funds domestically for criminal or civil confiscation under the Proceeds of Crime Act.

HM Treasury publishes the names of those subject to such EU financial sanctions on the Consolidated List of Financial Sanctions Targets in the UK, which can be found on gov.uk. HM Treasury is unable to publicly release information about

assets frozen in the UK or EU belonging to particular individuals due to restrictions imposed by EU and domestic law, both under sanctions and data protection legislation, as well as for reasons of confidentiality.

The Serious Crime Bill will implement one of the key recommendations of the policy review undertaken by the Asset Recovery Task Force, by lowering the legal test required to secure a restraint order to freeze assets. Other

recommendations of the review are to be delivered through the recently published UK Anti-Corruption Plan. These include the creation of a new central Bribery and Corruption Unit, bringing together resources from the National

Crime Agency and those of the Metropolitan Police’s Proceeds of Corruption Unit, and the review of the Suspicious Activity Report regime

Does this answer the above question?

Yes1 person thinks so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.