UK: New Global Anti-Corruption Law

April 29, 2021

“On April 26, 2021, the UK announced a new global anti-corruption sanctions regime and has imposed sanctions on 22 people whom the UK Government has reasonable grounds to suspect have been involved in serious corruption. Under the new Global Anti-Corruption Sanctions Regulations 2021 (SI 2021/488), those designated will be subject to an asset freeze and travel ban.” 1

The Global Anti-Corruption Sanctions Regulations 2021 provides complete and comprehensive details about the implementation of this new global anti-corruption regime.

In a press release “UK sanctions 22 individuals involved in serious international corruption,” it said

“This new regime will allow the UK to combat serious corruption, in particular bribery and misappropriation. It will promote effective governance, robust democratic institutions and the rule of law – demonstrating our power as a force for good around the world.”

Foreign Secretary Dominic Raab, said:

Corruption has a corrosive effect as it slows development, drains the wealth of poorer nations and keeps their people trapped in poverty. It poisons the well of democracy.
The individuals we have sanctioned today have been involved in some of the most notorious corruption cases around the world.
Global Britain is standing up for democracy, good governance and the rule of law. We are saying to those involved in serious corruption: we will not tolerate you or your dirty money in our country.