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House of Commons Hansard
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13 December 2018
Volume 651
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5. What support he is providing to the (a) Crown Prosecution Service and (b) Serious Fraud Office to tackle economic crime. [908203]

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6. What support he is providing to the (a) Crown Prosecution Service and (b) Serious Fraud Office to tackle economic crime. [908204]

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The Government are committed to tackling economic crime, and we know that that requires a multi-agency response. That is why both the SFO and the CPS play their parts alongside others, including through their support for the new multi-agency National Economic Crime Centre.

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What assessment has been made of the UK’s ability to tackle money laundering?

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My hon. Friend is right to raise that issue, and I was glad to see the recent financial action taskforce report, which reflected substantial progress and referred to the world-leading role that the UK plays in the fight against illicit finance, particularly the risk of money laundering.

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Nothing annoys the constituents of Taunton Deane more than people getting away with things they should not, so will my hon. and learned Friend outline some further detail on how we are cracking down on money laundering? It is a priority, and the Government have promised to tackle it.

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My hon. Friend will be glad to note the introduction of unexplained wealth orders following the Criminal Finances Act 2017. That is already sending a clear message to those who seek to use the UK to wash their illegal proceeds that we will track them down, ask the right questions and conduct confiscations. Using Proceeds of Crime Act 2002 powers, the Government have recovered more criminal assets than ever before, with £1.6 billion taken from wrongdoers between April 2010 and March 2018.