Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps she is taking to protect businesses and investors from fraud where individuals found liable by UK courts are resident overseas.

The Government is committed to tackling fraud, a key aspect in ensuring that the UK is a strong place for investment.

As detailed in Economic Crime Plan 2023-2026, the Government is working to strengthen international standards and build partnerships with overseas financial centres to reduce the threat international illicit finance, including fraud, poses to the UK. Agencies including HMRC, the Serious Fraud Office, and the National Crime Agency collaborate with overseas partners on this.

The upcoming Fraud Strategy will detail the Government’s plans to prevent fraud and protect the public beyond 2026.