Freezing of Assets: Russia

Home Office written question – answered at on 16 December 2022.

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Photo of Margaret Hodge Margaret Hodge Labour, Barking

To ask the Secretary of State for the Home Department, with reference to the National Crime Agency press release, entitled Wealthy Russian businessman arrested on suspicion of multiple offences, published on 3 December, how many of the 100 actions that demonstrably remove or reduce a criminal threat secured by the Agency against Putin-linked persons have resulted in money being (a) frozen under a UK sanctions regime, (b) frozen under the sanctions regime of another jurisdiction, (c) frozen under civil recovery provisions in the UK and (d) frozen under civil recovery provisions of another jurisdiction.

Photo of Thomas Tugendhat Thomas Tugendhat Minister of State (Home Office) (Security)

The National Crime Agency’s Combatting Kleptocracy Cell (CKC) has been tasked with investigating criminal sanctions evasion and high-end money laundering, including by individuals in the UK who are linked to the Russian regime.

Of the total CKC disruptions recorded, from the invasion of Ukraine to date, 42% have involved the freezing of funds. Of this, approximately 55% have resulted in money being frozen under a UK sanctions regime; 20% have resulted in money being frozen under the sanctions regime of another jurisdiction; 25% have resulted in money being frozen under civil recovery provisions in the UK; and none have resulted in money being frozen under civil recovery provisions of another jurisdiction.

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