Steff Aquarone

Steff Aquarone

Liberal Democrat — North Norfolk

Speaking in the House of Commons on 3 March 2026

Debate

British Overseas Territories: Financial Transparency

Contribution

Perhaps I can help with that assessment. Transparency International uncovered at least 160 cases since 2022 of luxury yachts being transferred into or out of Russia that were registered to companies in British overseas territories. While the brave Ukrainians are defending their country from a brutal invasion, Putin’s cronies are joyriding their multimillion-pound yachts, enabled by the likes of the BVI. Does this sicken the Foreign Secretary and the Minister as much as it sickens me, and can the Minister tell certain overseas territories that we are fed up with their excuses and their shielding of evil regimes and tax dodgers, and that they must deliver transparency now?

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