Submission on Illicit Finance

In March 2022, we submitted to the Foreign Affairs Committee’s Call for Evidence on how to make the Global Anti-Corruption Sanctions regime more effective and the measures the UK Government should now take to counter the flow of illicit finance into the UK.

To improve the effectiveness of the Global Anti-Corruption Sanctions regime, better transparency and oversight measures are needed. To be a force for good in the fight against illicit finance, the UK Government should also ensure further measures are brought beyond those already announced to tackle the enablers, close loopholes in overseas secrecy jurisdictions, and improve the enforcement of existing laws.