By Maya Lester QC & Michael O’Kane

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.

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News

EU Commission will introduce corruption sanctions

President of the European Commission Ursula von der Leyen has announced in her State of the Union Address that the Commission will present measures to include corruption in the EU’s human rights sanctions regime (which is found here). The European Parliament called for the adoption of an EU corruption sanctions regime in February 2022 (previous post). The UK and US …

CorruptionCorruption

US designates Paraguayan Vice President and legal counsel for corruption

Paraguayan Vice President Hugo Velazquez and Yacyretá Bi-National Entity Legal Counsel Juan Carlos “Charly” Duarte have been designated by the US Department of State over their alleged involvement in significant corruption. Press Release. Mr Duarte is said to have offered a bribe to a Paraguayan public official to obstruct an investigation that threatened the Vice President and his financial interests. …

CorruptionCorruption

House of Commons debate on human rights and anti-corruption sanctions

A Backbench Business Committee debate on ‘Human Rights Abuses and Corruption: UK Sanctions’ was held in the House of Commons yesterday (21 July 2022). See Debate Pack. During the debate: It was noted that, to date, the UK has sanctioned 20% of the people / entities designated by the US and that the number of human rights and anti-corruption designations …

Human RightsHuman Rights CorruptionCorruption

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 …

CorruptionCorruption

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 …

RussiaRussia CorruptionCorruption

Current Sanctions

UK

The Global Anti-Corruption Sanctions Regulations 2021 (SI 2021/488)

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