On 6 July the UK Government established the Global Human Rights ('Magnitsky') sanctions regime by laying regulations in Parliament under the Sanctions and Anti-Money Laundering Act 2018. This sanctions regime enables the UK to hold to account those involved in serious human rights violations or abuses.
As the Foreign Secretary announced to the House, work is underway to consider how a corruption regime could be added to our armoury. Sanctions are powerful tools, capable of having a significant impact, and complex to design. We are taking the time to ensure we get them right.