Anti-Financial Crime & Financial Crime Compliance
Leadership | Insight | Network

Compliance News, EU/Europe, Financial Services

‘It poisons the well of democracy,’ UK foreign secretary hails new international sanction powers as country turns its attention to corruption threat

Image: Number 10

The UK government has welcomed a boost in its own sanctioning powers as new asset freezes and travel bans against foreign individuals come into force this week.

The actions, which target 22 high-profile foreign nationals – are being made under the UK’s ‘Magnitsky Act’, and are specifically intended to target corruption.

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!