An expanded UK sanctions regime that took effect last year and is intended to tackle global corruption and illicit money entering Britain from overseas is proving ineffective, according to campaigners.
A report by the UK Anti-Corruption Coalition, a campaign organisation, and Redress, a charity, said the effectiveness of UK “global anti-corruption sanctions” had been “undermined by a lack of designations [against individuals and companies] . . . insufficient co-ordination and information sharing [between countries] . . . and limitations in enforcement and implementation”.
In April last year the British government extended its post-Brexit sanctions regime by putting in place anti-corruption measures that would enable the UK to impose travel bans and assets freezes on individuals and companies accused of corruption.
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