Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will set out the number of frozen assets in the UK that have been seized by a) HM Government, b) National Crime Agency, and c) Office for Financial Sanctions Implementation.

The Office of Financial Sanctions Implementation (OFSI), which is part of HM Treasury, helps to ensure that financial sanctions are properly understood, implemented and enforced in the United Kingdom. An asset freeze does not amount to the seizure of an asset. Where an asset freeze applies, funds and economic resources must be frozen and must not be dealt with or made available to, or for the benefit of, a designated person, unless an exception applies or the activity is licensed by OFSI.

OFSI conducts an Annual Frozen Asset Review and publishes information on frozen assets in its Annual Review.

In the latest Annual Review published in October 2025, OFSI announced that £37 billion in assets were reported to OFSI as frozen.