Launch of the UK’s independent anti-corruption sanctions regime is an important step forwards in tackling kleptocracy, says NGO coalition.
“Today’s announcement is an important achievement in the fight against corruption globally. The UK anti-corruption coalition welcomes the new sanctions regime and hopes to see the UK announce bold and ambitious designations against corrupt actors to become a leading voice in the fight against kleptocracy. The UK needs to make sure its own defences against corruption and money laundering are as robust as possible to give the regime maximum credibility. This should include introducing legislation on Companies House reform and on the foreign property ownership register at the earliest opportunity, as well as improving the regulation of standards in public office domestically in line with UN recommendations.” - UK Anti-Corruption Coalition (UKACC)