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Westminster Hall debateWestminster HallTuesday, 9 June 202616:30

Illicit Finance Summit 2026

Backbench debate (separate chamber, no votes)

A Westminster Hall debate on the Illicit Finance Summit 2026, sponsored by Steff Aquarone MP. The debate will examine UK efforts to combat money laundering, sanctions evasion, and other financial crime ahead of an international summit. Key issues likely include the effectiveness of current enforcement, coordination between financial regulators and law enforcement, and UK competitiveness as a financial centre without becoming a haven for illicit funds.

Illicit finance undermines economic integrity, funds organised crime and terrorism, and costs the UK economy billions annually in lost tax revenue and enforcement costs. How the government addresses financial crime directly affects the stability of UK financial markets, the pound's reputation globally, and whether criminals can move proceeds through the UK system. The summit offers an opportunity to reset international standards and demonstrate UK leadership in financial regulation.

Crime & PolicingTax & Public Finances

MPs most likely to speak

Chris BryantLabour Party

Rhondda and Ogmore

Dr Kieran MullanConservative and Unionist Party

Bexhill and Battle

Dame Harriett BaldwinConservative and Unionist Party

West Worcestershire

Steff AquaroneLiberal Democrats

North Norfolk

Alison HumeLabour Party

Scarborough and Whitby

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