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John Glen corrected a written answer on Freezing of Assets: Democratic Republic of Congo

15 February 2018 · Commons written answer · HM Treasury

Helen Goodman (Labour, Bishop Auckland) asked written question 126713 on 5 February 2018. John Glen answered on 12 February 2018 for the HM Treasury, and John Glen corrected the answer on 15 February 2018. The figure 580,000,000 in the original became 580,000 in the correction, lower by 579,420,000. Altogether 2 words differ between the two versions.

The question

To ask Mr Chancellor of the Exchequer, how many (a) individuals, (b) corporations and (c) other entities had assets frozen (i) in the UK, (ii) in the British Overseas Territories and (c) by UK-based institutions as a result of the sanctions applied to the Democratic Republic of Congo in 2017, and what estimate he has made of the value of those assets.

Original and corrected answer

Struck through: original only. Bold: correction only.

OriginalCorrected
The approximate aggregate value of funds frozen in the UK (under EU Regulation 1183/2005 Democratic Republic of Congo) was £ 580,000,000 at the close of business on 30 September 2016. The figures for the 2017 round of UK frozen funds reporting are in the process of being finalised and as such are not currently available. The frozen funds continue to belong to the individuals and entities listed under the Regulation and are not seized or otherwise held by HM Government. The figure is provided on an aggregate basis so as not to indirectly disclose the value of funds held by particular individuals or entities.
British Overseas Territories adopt all Sanctions listings that the UK do, to be in line with international standards. The specific information on the number of people or entities who have assets frozen in the overseas territories lies with the individual territories themselves.
The approximate aggregate value of funds frozen in the UK (under EU Regulation 1183/2005 Democratic Republic of Congo) was £ 580,000 at the close of business on 30 September 2016. The figures for the 2017 round of UK frozen funds reporting are in the process of being finalised and as such are not currently available. The frozen funds continue to belong to the individuals and entities listed under the Regulation and are not seized or otherwise held by HM Government. The figure is provided on an aggregate basis so as not to indirectly disclose the value of funds held by particular individuals or entities.
British Overseas Territories adopt all Sanctions listings that the UK do, to be in line with international standards. The specific information on the number of people or entities who have assets frozen in the overseas territories lies with the individual territories themselves.

The question and answer on the Parliament website.

More on John Glen.

Receipt

Read fromhttps://questions-statements-api.parliament.uk/api/writtenquestions/questions/837594?expandMember=true
Date read15 October 2026
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