← Back to House of Commons Debates

Global Anti-Corruption Sanctions

26 April 2021

Lead MP

Dominic Raab

Debate Type

Ministerial Statement

Tags

Crime & Law EnforcementEconomyForeign AffairsBenefits & WelfareStandards & Ethics
Other Contributors: 18

At a Glance

Dominic Raab raised concerns about global anti-corruption sanctions in the House of Commons. A government minister responded. Other MPs also contributed.

How the Debate Unfolded

MPs spoke in turn to share their views and ask questions. Here's what each person said:

Government Statement

Crime & Law EnforcementEconomyForeign AffairsBenefits & WelfareStandards & Ethics
Government Statement
Corruption has a significant detrimental impact on the rule of law, trust in institutions, development, and poverty alleviation. The UK will combat corruption by implementing new sanctions regulations to prevent corrupt actors from using British banks or businesses for money laundering. Key achievements include over £1 billion in asset recovery since 2006, 4.5 million companies listed on the public register of beneficial owners, and a rise in the Transparency International’s corruption perceptions index ranking from 20th to 11th place between 2010 and 2020. The new sanctions regime will target individuals and organisations involved in serious corruption with asset freezes and travel bans, enabling designations based on evidence of bribery and misappropriation of property. Today's first designations include those implicated in the $230 million tax fraud in Russia, South African Gupta brothers' corrupt dealings, drug trafficking facilitators from Central America, and Sudanese businessman Ashraf Seed Ahmed Hussein Ali for significant asset diversion.

Shadow Comment

Lisa Nandy
Shadow Comment
While welcoming the new anti-corruption sanctions regime, Labour urges the Government to ensure adequate resources for investigations and enforcement. Criticises low rate of prosecutions for economic crime and calls for parliamentary scrutiny over designations to prevent big money from influencing political decisions. Questions the credibility of the UK's stance on human rights abusers given recent revelations about financial interests at the heart of government.
Assessment & feedback
Summary accuracy

About House of Commons Debates

House of Commons debates take place in the main chamber of the House of Commons. These debates cover a wide range of topics including government policy, legislation, and current affairs. MPs from all parties can participate, question ministers, and hold the government accountable for its decisions.