The UK took a big step towards preventing terror finance and corruption across the globe. "Corruption weakens individual power and undermines global trade and development. It poisons the well of democracy around the world," said Foreign Secretary Dominic Raab.
The UK has announced a sanction for 22 individuals involved in some of the world’s most serious cases of corruption, under the Global Anti-Corruption regime which gives the UK exceptional powers to fight against corruption and those who exploit UK citizens.
The sanctions were imposed on people from six countries, including:
14 Russians were involved in a massive tax fraud uncovered by Sergei Magnitsky, who later died in custody.
Three businessmen - the brothers Ajay, Atul, and Rajesh Gupta - accused of serious corruption in South Africa.
Sudanese businessman Ashraf Seed Ahmed Hussein Ali - dubbed Al Cardinal - accused of misappropriating state assets in South Sudan
"Corruption also threatens our national security by increasing conflict and promoting serious and organized crime, creating space for terrorist and criminal groups like Daesh and Boko Haram to operate," a Foreign Office statement said.
The UK's new Global Anti-corruption regime gives supreme authority to the financial institution to tackle corruption and financial crimes. "It will support effective governance, robust democratic institutions, and the rule of law - demonstrating our power as a force for good around the world," said Dominic Raab.