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The implications of the UK’s anti-corruption sanctions for banks

The broad definition of ‘involvement’ in corruption should give banks pause for thought.
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The implications of the UK’s anti-corruption sanctions for banks

The implementation of anti-corruption sanctions on April 26 marks a new chapter in the UK’s post-Brexit autonomous sanctions regime. Designation on corruption grounds is an established part of the US and Canadian sanctions framework, but it is without precedent in the UK.

UK foreign secretary Dominic Raab has already designated 22 individuals, resulting in asset freezes and immigration restrictions.

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