The Bishop of Leeds asked a question regarding the government’s response to money laundering relating to Russia, during a debate on Russian activities in Georgia on 16th November 2022:
The Lord Bishop of Leeds: My Lords, referring back to the original Question, have the Government made any assessment of how corrupt wealth is being laundered to get around sanctions in Russia by pushing the money through places such as Georgia?
Lord Ahmad of Wimbledon (Con): My Lords, with the implementation of our sanctions policy, we are acutely aware that there will be attempts to circumvent measures taken on both individuals and organisations. Of course, we work with our key partners, including the European Union, to ensure that once sanctions are imposed, they are applied universally. Georgia itself, as the right reverend Prelate will know, has applied to become a member of the European Union, and these kinds of things are also assessed in its reporting. Whether it is here in London or indeed in Tbilisi or elsewhere in the world, we must always remain vigilant towards those seeking to circumvent sanctions policy or, indeed, launder money or illicit finance.