Russia: Corruption and Money Laundering

(asked on 24th March 2021) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, when he plans to introduce new measures under the UK's Magnitsky Act to target corruption and illicit finance as outlined in the Integrated Review.


Answered by
Nigel Adams Portrait
Nigel Adams
This question was answered on 14th April 2021

On 6 July 2020 the UK Government established the Global Human Rights ('Magnitsky') sanctions regime by laying regulations in Parliament under the Sanctions and Anti-Money Laundering Act 2018. This sanctions regime enables the UK to hold to account those involved in serious human rights violations or abuses.

As the Foreign Secretary announced to the House, work is underway to consider how an anti-corruption sanctions regime could be added to our armoury. Sanctions are powerful tools, capable of having a significant impact, and are complex to design. We are taking the time to ensure we get them right and will update Parliament in due course.

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