Parliamentary Question on Russian Laundered Money

I welcomed the Prime Minister’s statement today on Russia in the wake of the Salisbury incident last week. However, today, I urged the PM to go further.

At present far too much money laundered out of Russia is finding its way into the British system. There are two things she could do pretty quickly which would help to tackle that.

First, she could bring forward the public register of ownership of properties, which was promised by David Cameron in 2015 and has been delayed by this Government until 2021 at the earliest

Secondly, she could increase transparency in our UK corporate structures, so that we know who forms companies here and where the money comes from, and deal with it if it is illicit money brought in by unsavoury people.

I hope she will take this action.

You can see my speech here.