Anti-Corruption Sanction Regimes' Impact on International Organizations
Corruption-focused sanctions regimes are spreading across the US, UK, and EU — what the shift means for international organizations' due diligence and operations.
How is the global approach to corruption shifting, and what does it mean for international integrity?
Gone are the days when sanctions solely targeted state actions threatening peace and violating human rights; now, they're increasingly aimed at corruption. This strategic shift, driven by countries like the U.S. is more than policy change -- it's a new chapter in global governance.
Under the Global Magnitsky Act, which encompasses both serious human rights abuses and corruption, the U.S. has over the past two years only issued sanctions against dozens of entities and individuals for corruption in Paraguay, Haïti, Liberia, Afghanistan etc. Canada's recent sanctions against Guatemala for corruption exemplify this trend.
Each region brings a unique angle. The U.S. balances human rights and corruption under one umbrella. Meanwhile, the UK's Global Anti-Corruption Sanctions Regime, effective since April 2021, focuses on corruption-specific offenses like bribery and misappropriation.
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Topics: Fraud & Corruption
