Question to the Department for International Trade:
To ask the Secretary of State for International Trade, how many times UK Export Finance has used its special audit rights to seek further information from companies about their agents and commission in the last five years.
UK Export Finance (UKEF) routinely seeks information from exporters about agents and commissions as part of its anti-bribery due diligence and may seek further information from the applicant as part of this process. Separately, UKEF has audit rights that are exercisable in respect of issued guarantees and insurance policies. The audit rights do not exclusively relate to details of agents and their commission.
Since 2011, 24 audits have been carried out on companies following the receipt of applications for support.