PARLIAMENTARY WRITTEN QUESTION
Economic Crime (25 January 2022)
Question Asked
To ask the Chancellor of the Exchequer, how many investigations into fraud, scams and economic crime his Department has conducted in each of the last five years.
Asked by:
Pat McFadden (Labour)
Asked by:
Pat McFadden (Labour)
Answer
HM Treasury is a policy-making department and does not undertake investigations, except for the work of the Office of Financial Sanctions Implementation (OFSI).
As the competent authority for the implementation of financial sanctions in the UK, OFSI supports efforts to tackle economic crime by ensuring that financial sanctions are properly understood and enforced.
OFSI investigates all reported suspected breaches of financial sanctions. Its Annual Review publications are available on GOV.UK and provide further information about OFSI’s work.
Answered by:
John Glen (Conservative)
1 February 2022
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