Question to the Department for Education:

To ask the Secretary of State for Education, what steps he has taken to ensure that no public money in the form of student loans issued by Student Finance England has been accessed, either directly or indirectly through a third party, by people listed on the UK’s sanctions list.

The Student Loans Company (SLC) performs daily checks to assess for impacted customers against the sanctions list provided by the Office of Financial Sanctions Compliance (OFSI). SLC also works with payment service providers, including Government Banking, who are responsible for SWIFT repayments, to provide assurance that all OFSI sanction guidelines are met.

In the event of an impacted customer being identified, SLC would attach a ‘flag’ to the individual in question. This would both prevent movement of funds and trigger close monitoring of the account for the sanctioned period.