UK Introduces New Global Anti-Corruption Sanctions Regime

The Regulations: An Overview

On 26 April 2021, the UK's first sanctions under the Global Anti-Corruption Sanctions Regulations 2021 (SI 2021/488) ("the Regulations") came into force. The Regulations are made under the Sanctions and Anti-Money Laundering Act 2018 and combine with UK Global Human Rights regime introduced in July 2020. The sanctions are designed to capture individuals or entities profiting from bribery and misappropriation of state funds from any country outside the UK, as well as colluding with terrorists and drug trafficking.

Individuals and entities designated under the regime are included on the consolidated UK sanctions list. They are prevented from entering the UK, opening UK bank accounts, or doing business with UK businesses. Any assets that they already hold in the UK are also frozen. Those designated under the Regulations have the right to request that a minister reviews the decision and can also apply to challenge their designation in the