UK Steps Up Enforcement Efforts With New Global Anti-Corruption Sanctions Regime
By EsqSocial Corporation 13/05/21
On 27 April 2021, the UK implemented its new Global Anti-Corruption Sanctions Regime, enhancing its existing Global Human Rights Sanctions Regime, which came into force in July 2020. The new Global Anti-Corruption Sanctions Regulations 2021 (the Regulations) enable the UK Foreign Secretary to impose asset freezes and travel bans on designated individuals and entities linked to certain corrupt activities, and criminalises the breach of those sanctions within the UK, as well as any breach by any...
By: Skadden, Arps, Slate, Meagher & Flom LLP