Written question asked by Gregory Campbell (Democratic Unionist Party) on Wednesday, 14 July 2021, in the House of Commons. It was due for an answer on Monday, 19 July 2021 (named day). It was answered by John Glen (Conservative) on Monday, 19 July 2021 on behalf of the Treasury.
Freezing of Assets: Myanmar
- Question
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To ask the Chancellor of the Exchequer, what recent estimate the Office of Financial Sanctions Implementation has made of the total amount of frozen assets held by UK institutions belonging to officials in the Myanmar military.
- Answer
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The Office of Financial Sanctions Implementation (OFSI) undertakes an annual review of frozen assets in the UK, requiring all persons or institutions that hold or control frozen assets in the UK to report to OFSI. Details of assets reported to OFSI in 2020 are not yet available and will be published in OFSI’s 2020-2021 Annual Review.
Details of assets reported to OFSI in 2019 were published in OFSI’s 2019-2020 Annual Review. As of September 2019, £12.5 billion of frozen funds across all regimes were reported to be held by UK institutions. This figure is provided on an aggregate basis so as not to disclose the value of funds held by particular individuals.
Secondary information
- Type
- Written question
- Reference
- 33132
- Session
- 2021-22
- Subjects
- Armed forces Sanctions Myanmar Freezing of assets
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2021-07-19 12:26:55 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2021-22/33132
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- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2021-22/33132
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