The United States has welcomed the United Kingdom’s announcement of further sanctions under the Global Anti – Corruption Act aimed at combating corruption and illicit funding.
In a joint statement on the US State Department website, today, Friday, US Secretary of State Anthony Blinken and Secretary of the Treasury Janet Yellen praised the actions already taken by the United Kingdom against four corrupt individuals classified by the United States. Fifth U.S. Income The assets he purchased were confiscated by U.S. courts.
Both ministers said corruption has a devastating impact on society; It undermines democratic institutions, hinders economic growth, drains the wealth of nations and pushes people into poverty.
The United States reaffirmed its commitment to work with partners and allies in the fight against corruption.
The US Secretary of State and Treasury today described the UK move as an important step in this effort.
The report said sanctions, such as Britain’s Global Anti – Corruption Act and the US Global Magnitsky Economic Plan, could improve accountability for corruption and limit access to the International Monetary Fund.
“If we implement our anti-corruption programs effectively, we can break the cycle of corruption-induced misrule and poverty, while at the same time supporting global efforts to address systemic vulnerabilities,” he said.
The report concludes that the United States will continue to work with the United Kingdom and other allies and like-minded allies to impose decisive and significant consequences on those involved in corruption and the defenders of the global financial system.
The report points out that sanctions target those involved in serious corruption cases that have lost vital resources to developing countries.
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