United Kingdom Forms Global Anti-Corruption Sanctions Regime
The Global Anti-Corruption-Sanctions Regime strengthens the UK’s efforts to counter corruption globally.
The United States commends the United Kingdom (UK) on the establishment of a Global Anti-Corruption Sanctions Regime, which reinforces the U.S.-UK partnership in the fight against corruption and illicit finance.
According to a statement released on April 26 by the U.S. Department of State, corruption undermines the rule of law, weakens citizens’ trust in their governments, hampers economic growth, and facilitates transnational crime and human rights abuses.
The Global Anti-Corruption-Sanctions Regime strengthens the UK’s efforts to counter corruption globally and complements ongoing U.S. initiatives, enhancing its ability to cooperate and coordinate on comparable human rights and corruption sanctions programs, such as the U.S. Global Magnitsky sanctions program.
“Together, along with other allies and partners, we will seek to promote our shared values with similar tools,” the statement added. “Corrupt actors, and their facilitators, will not have access to our financial systems.”
The United States says it looks forward to continuing its partnership with like-minded governments and civil society alike to defend human rights, combat corruption, and promote accountability and good governance.
