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Treasury: Offshore Funds

Treasury written question – answered on 13th February 2020.

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Photo of Tulip Siddiq Tulip Siddiq Labour, Hampstead and Kilburn

To ask the Chancellor of the Exchequer, whether (a) members of his departmental Board and (b) senior executives in his Department are required to disclose offshore bank accounts and holdings.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

The departmental Board and Senior Executives are not required to disclose offshore bank accounts and holdings.

All public office holders are expected to comply with the law as it applies to offshore banking activity.

Ministers and Civil Servants must also uphold the standards of conduct as set out in the Ministerial and Civil Service Code respectively, as well as the 7 principles of public life.

Does this answer the above question?

Yes1 person thinks so

No0 people think not

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