Financial Services: Crime

Treasury written question – answered on 2nd November 2021.

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Photo of Sam Tarry Sam Tarry Shadow Minister (Transport)

What steps he plans to take in response to the publication of the Pandora Papers to tackle (a) tax avoidance, (b) money laundering and (c) other financial crimes.

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

This government is committed to making the UK a hostile place for illicit finance and economic crime. We are determined to crack down on dirty money and financial exploitation, to protect our security and prosperity. We have taken action through our ‘No Safe Havens’ strategy to ensure the correct UK tax is paid; and our landmark 2019 Economic Crime Plan outlines a comprehensive response to ensure the UK cannot be abused for economic crime.

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