The Global Anti-Corruption Sanctions Regulations 2021: The New Era of Anti-Corruption Efforts in the UK

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Summary

The Global Anti-Corruption Sanctions Regulations 2021 is a new UK regulation aimed at combating corruption globally. The regulation has a global scope, enabling the UK to act against corruption worldwide, and has the potential to financially impact corrupt individuals. While there are limitations to the regulation's effectiveness, such as implementation challenges and overlapping jurisdictions, it has the potential to boost foreign investment and promote social justice by restoring assets to countries that were illicitly taken. Overall, the regulation's success will depend on its effective implementation to transform anti-corruption efforts.