UK to freeze assets, issue travel bans on corrupt in new law by MARTIN MWITA Image: COURTESY •The Global Anti-Corruption Sanctions Regulations 2021 now likely to catch up with some wealthy Kenyans stashing millions abroad. •As of November last year, wealthy Kenyans were reported to be hiding more than $4.2 billion (Sh452.9 billion) in offshore accounts. The United Kingdom has set the stage for major freezing of assets and travel bans on corruption suspect under a new law that could affect some Kenyans. The ‘Global Anti-Corruption Sanctions Regulations 2021’, under the powers of the Sanctions and Anti-Money Laundering Act 2018, gives the UK powers to prevent those involved in corruption from traveling to its territory or using its financial system.