MPs and anti-corruption campaigners have warned that the British government’s proposed ‘Magnitsky-style’ sanctions regime is not enough to tackle money laundering amid fears that Britain has become a ‘global hub for financial crime’.
On Monday, the UK imposed sanctions against 49 people and organisations accused of human rights abuses including those linked to the deaths of Russian lawyer Sergei Magnitsky, who died in police custody in Moscow in 2009, and Saudi journalist Jamal Khashoggi.
Foreign Secretary Dominic Raab said “if you’re a kleptocrat or an organised criminal you will not be able to launder your blood money in this country”.
