Skip to main content

Written question asked by David Lammy (Labour) on Monday, 28 March 2022, in the House of Commons. It was due for an answer on Thursday, 31 March 2022 (named day). It was answered by John Glen (Conservative) on Thursday, 31 March 2022 on behalf of the Treasury.


Freezing of Assets: Iran

Question

To ask the Chancellor of the Exchequer, what estimate his Department has made of the total value of assets frozen to date under the The Iran (Sanctions) (Human Rights) (EU Exit) Regulations 2019.

Answer

The Office of Financial Sanctions (OFSI) undertakes an annual frozen assets review, requiring all persons or institutions that hold or control frozen assets in the UK to report to OFSI, from which this figure is taken. The figures are then published in OFSI’s annual review each autumn. The total frozen assets reported in the 2021 annual review were £12.2 billion. The figures for 2021 are being finalised.

As at September 2020, the value of assets reported to OFSI as frozen in the UK under The Iran (Sanctions) (Human Rights) (EU Exit) Regulations 2019 was £17.60.


Secondary information

Type
Written question
Reference
148038
Session
2021-22
Subjects
Sanctions Iran Freezing of assets
Legislation
Iran (Sanctions) (Human Rights) (EU Exit) Regulations 2019
Contains statistics
Yes
Link
View this Written question on www.parliament.uk