Corruption: Low and Middle-income Countries
Debate between Baroness Whitaker and Lord Oates
Lord Oates (LD)
My Lords, I welcome the Government’s focus on this critical issue. The Minister will be aware of the particular role of the illicit gold trade in fuelling the conflict in Sudan and conflicts elsewhere, and in laundering the proceeds of corruption around the globe. Will the Government, therefore, use their forthcoming illicit finance summit to designate additional sanctions packages against corrupt elites, such as those members of the Zimbabwe gold mafia, who have not yet been sanctioned, and their professional enablers, who launder proceeds from the illicit gold trade through the UK and through the United Arab Emirates?
Baroness Chapman of Darlington (Lab)
As he knows, we do not comment on future designations, but I thank him for reminding us of the role of illicit gold mining, in particular, in this. This is how many billions of dollars are hidden. It is also associated with horrendous abuses of people and all kinds of illicit activities, including criminal activity across borders. I thank him also for reminding the House of our plans to hold a summit next year, and I look forward to his full engagement in that.