Article summary
The Foreign, Commonwealth & Development Office (FCDO) has announced a significant expansion of the UK's anti-corruption efforts through the imposition of sanctions on three high-profile kleptocrats and their associates. These measures, implemented under the Global Anti-Corruption Sanctions Regulations 2021 (SI 2021/488), include asset freezes and travel bans targeting individuals accused of embezzling substantial sums from Ukraine, Angola, and Latvia. The sanctions mark the commencement of a new campaign by the Foreign Secretary to combat corruption and illicit finance, with cross-governmental cooperation to protect UK interests and support global economic integrity. The initiative is bolstered by ongoing collaboration with the National Crime Agency's International Anti-Corruption Coordination Centre (IACCC) and International Corruption Unit (ICU), demonstrating a comprehensive approach to tackling financial crime and sanctions evasion.
To continue reading this news article, as well as thousands of others like it, sign in with LexisNexis or register for a free trial