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min answer › date of answer	2022-09-29
uin	53325

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registered interest

date

exactly:

or between:
and

answering body

answering dept id

answering dept short name

answering dept sort name

hansard heading

house id

legislature


pref label

question text

tabling member constituency

tabling member printed

type

uin

answer

is ministerial correction

date of answer

exactly:

or between:
and

answer text

answering member constituency

answering member printed

question first answered

answering member


label

tabling member


label

1507214

registered interest

date

21/09/2022

answering body

Foreign, Commonwealth and Development Office

answering dept id

208

answering dept short name

Foreign, Commonwealth and Development Office

answering dept sort name

Foreign, Commonwealth and Development Office

hansard heading

British International Investment: Development Aid

house id

legislature

25259

	pref label	House of Commons

question text

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, with reference to the report by Transparency International entitled Investing with Integrity, published in July 2022, if he will make an assessment of progress made by British International Investment in implementing the report's recommendations on (a) publishing publicly accessible anti-bribery and anti-corruption policies, (b) the use of offshore jurisdictions in investment structures and (c) the use of corporate vehicles incorporated in offshore jurisdictions which do not meet the higher of OECD or local standards on releasing identity and beneficial ownership information.

tabling member constituency

West Ham

tabling member printed

Ms Lyn Brown

type

WrittenParliamentaryQuestion

uin

53325

answer

is ministerial correction

date of answer

29/09/2022

answer text

British International Investment (BII) is committed to raising sector standards around business integrity risk management and supported Transparency International in developing the Investing with Integrity project.BII's Policy on Responsible Investing (the Policy) is aligned to international best practice - including on bribery and corruption (available on BII's website https://assets.cdcgroup.com/wp-content/uploads/2021/12/14074359/Policy-on-Responsible-Investing.pdf). BII also complies with relevant anti-money laundering, bribery and corruption legislation (Policy statements available on https://assets.bii.co.uk/wp-content/uploads/2018/11/22173454/Commitment-to-Anti-Bribery-and-Corruption-1-1.pdf and https://assets.bii.co.uk/wp-content/uploads/2018/11/22173645/Commitment-to-Anti-Money-Laundering-and-Counter-terrorism-Financing-2.pdf).BII only uses offshore jurisdictions in circumstances of weak governance in the countries of their intended investees to protect UK taxpayer funds or to pool capital from multiple countries. The offshore jurisdictions chosen are compliant with international tax transparency standards, as monitored by the OECD. BII's tax policy is available online (https://assets.bii.co.uk/wp-content/uploads/2022/07/05114116/Tax-Policy-2022.pdf).

answering member constituency

Chelmsford

answering member printed

Vicky Ford

question first answered

29/09/2022 13:13:15

answering member

4674

	label	Biography information for Vicky Ford

tabling member

1583

	label	Biography information for Ms Lyn Brown