Shailesh Vara welcomes the Prime Minister’s statement on sanctions and seeks assurance that any UK individuals or institutions who have any dealings with the banks and Russian individuals sanctioned will face the severest of penalties.
I welcome the Prime Minister’s statement. Tough sanctions require tough compliance. He said that UK individuals and entities should not have any dealings with the banks and Russian individuals that he mentioned. Will he therefore give this House an assurance that for any UK individuals or institutions who have dealings with such banks and individuals, there will be the severest of penalties?
Yes, indeed. Those who abet sanctioned people, help them to evade anti-money laundering provisions or help them to conceal beneficial interests will of course be breaking the law themselves.