Human rights sanctions
On 6th July 2020 the UK government announced a ground breaking global sanction regime against Human Rights abusers that will target individuals and organisation involved in some of the gravest human rights violations and abuses around the world.
The sanctions came into effect immediately and initially named individuals in Saudi Arabia, Russia, Myanmar and North Korea. Measures against those named include asset freezes and travel bans and represent the first time the UK will alone name and penalise individuals and organisations accused of human rights abuse.
Whilst we wait to see if the assets of those sanctioned are situated in the UK and subject to these measures, it should deter others from looking to the UK to place and launder their money.
Dominic Raab was explicit in saying “Those with blood on their hands won’t be free … to waltz into this country, to buy up property on the Kings Road, do their Christmas shopping in Knightsbridge, or siphon dirty money through British banks,”.
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