Desmond Swayne
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Money Laundering
Desmond Swayne Excerpts(6 years, 1 month ago)
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Mr Speaker
Order. A very large number of hon. and right hon. Members are seeking to catch my eye, but I remind the House that there are two further urgent questions to follow, meaning that there is a premium now upon brevity, which, as always, will be brilliantly exemplified by Sir Desmond Swayne.
Sir Desmond Swayne (New Forest West) (Con)
How much have we secured since the implementation of the Proceeds of Crime Act 2002?
Mr Wallace
My right hon. Friend asks a pertinent question. It is well over £1 billion—it is about £1.6 billion, I think, and it has increased in the last few years. We have been determined, through the use of confiscation orders and the provisions we used to improve the Act through the Criminal Finances Act 2017, to start increasing the seizure and freezing of assets, to make sure that criminals lose their ill-gotten money.