Tulip Siddiq – 2016 Parliamentary Question to the Home Office

The below Parliamentary question was asked by Tulip Siddiq on 2016-05-06.

To ask the Secretary of State for the Home Department, pursuant to the Answer of 3 May 2016 to Question 35790, what data her Department holds on criminal assets abroad and whether such assets are recovered or not.

Mr John Hayes

As the Answer to Question 35790 set out, the Action Plan for anti-money laundering and counter-terrorist finance states that there is no definitive measure of the scale of money laundering, but the best available international estimate, by the United Nations Office for Drugs and Crime (UNODC), of amounts laundered globally are equivalent to 2.7% of global GDP or US$1.6 trillion in 2009. The Department for Business, Innovation and Skills does not hold data on criminal assets held abroad. Criminal assets recovered since 2009 under asset sharing arrangements were set out in the previous answer.