The Government notes the conclusion and states UWOs are one of several tools to investigate and recover proceeds of crime. Reports on the use of UWO powers will be publicly available, and the Home Office will draft and lay an annual report in Parliament covering the numbers of UWOs that are made and applied for.

The government agrees that an effective whistleblowing framework is important and has committed to a review of the whistleblowing framework, and is considering the scope and timing of this review.

The government acknowledges the importance of addressing economic crime and security, stating that there is effective governance of these efforts and that they will continue to review and strengthen governance arrangements. They state that HM Treasury leads the UK delegation to the FATF, drawing on expertise from other departments, and that they closely follow international efforts to tackle economic crime.

The government notes that the Committee will continue to monitor progress on the Economic Crime Plan, Economic Crime Bill 2, and Companies House reform, as well as the effectiveness of sanctions against Russia.

The Government notes these conclusions and states that it has taken robust action over the last decade and will not tolerate the Kremlin’s business model of stealing in Russia to then spend and save in the West, including the UK.