L

Lord Sikka (Lab)

Speaking in the House of Lords on 13 May 2025

Debate

Uncollected Financial Penalties

Contribution

My Lords, since 2018 only seven unexplained wealth orders were issued, and not a single penny of wealth has been recovered since 2019. This seems to undermine the Government’s offensive against unexplained wealth’s illicit financial flows. Can the Minister explain whether anything has changed since the Criminal Finances Act was introduced in 2017?

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