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Sanctions Profile: Corruption
At a glance
The UK Government adopted the Global Anti-Corruption Sanctions Regulations 2021 on 26 April 2021. The regime aims to prevent and combat serious corruption, which for the purposes of the regime, comprises bribery or the misappropriation of property involving public officials.
News
Redress & UKACC publish anti-corruption sanctions report
UK NGOs the UK Anti-Corruption Coalition (UKACC) and Redress have published a report, UK Anti-Corruption Sanctions: A Year in Review, which assesses the efficacy of the Global Anti-Corruption Sanctions Regulations (GACS) since their introduction in April 2021 (previous post). The report says that: 27 people have been listed under the GACS regime, with 14 listings relating to corruption occurring in …
Corruption
OFSI issues GL for FCA officers
OFSI has issued General Licence (GL) INT/2022/1679676, “Law Enforcement and Regulatory Authorities Asset Recovery” (Notice) under the Russia and Global Anti-Corruption sanctions regimes. Subject to certain conditions, the GL indefinitely authorises an officer of a Non-Crown relevant organisation (the Financial Conduct Authority (FCA) or another organisation authorised by HM Treasury) to carry out their duties, including: the investigation of suspected …
Russia
US designates former Nairobi Governor & Ecuadorian President for corruption
The US State Department last week designated former-Nairobi Governor Mike Sonko Gidion Mbuvi Kioko and former Ecuadorian President Abdalá Jaime Bucaram Ortiz, Sr. pursuant to Section 7031(c) of the Department of State, Foreign Operations and Related Programs Appropriations Act 2021, for their involvement in “serious corruption”. Members of their immediate families were also designated. All are ineligible for entry into …
European Parliament calls for EU anti-corruption sanctions
The European Parliament (EP) has adopted a Text recommending that the EU Council should propose introducing corruption sanctions (as the UK has done). The idea is to target “economic and financial enablers of human rights abusers detaining assets and properties in the EU”. The Parliament suggests this could be done either by extending the EU Global Human Rights Sanctions Regime …
Human Rights
UK Parliament debates anti-corruption sanctions on Kazakh “kleptocrats”
The UK House of Commons on Thursday (3 February 2022) held a debate entitled, ‘Kazakhstan: Anti-corruption Sanctions’, during which Dame Margaret Hodge, Chair of the APPG on Anti-Corruption & Responsible Tax, called for the UK to impose anti-corruption sanctions on more than 20 “kleptocrats”. The debate follows the opening of a Foreign Affairs Committee inquiry into illicit and emerging finance …