Syedur Rahman | 22 June 2021
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With the government having strengthened its sanctioning powers to prevent those with dirty money putting it to use in the UK economy, Syed Rahman considered the new approach.
Syed wrote an article that was published by Lawyer Monthly. In it, he detailed the asset freezes and travel bans that have already been imposed on 22 individuals from Russia, South Africa, Saudi Arabia and Latin America.
But he also emphasised that the new powers would count for little if they are not used regularly and effectively. To reinforce the importance of this, his article refers to the scale of worldwide corruption and the low rate of prosecution of economic crime.
Syed outlined the UK legislation relating to anti-corruption sanctions and the approach taken in recent years by the government. He made it clear that while he believes the new sanctions could usher in a new era of tackling corruption, a lot will depend on the UK actively using the measures at its disposal to target those it believes are responsible for the wrongdoing.
Syed's article featured on Lawyer Monthly.
Featured at: Lawyer Monthly
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