Dudley MP Ian Austin is calling for tough new sanctions to prevent crooks responsible for corruption or brutality abroad from laundering their ill-gotten gains in London.
He has teamed up with MPs from across the Commons to demand the UK’s sanctions are as tough as other countries.
The MPs believe people responsible for corruption or brutality abroad should not be able to launder their funds in the UK. Austin helped lead the campaign for the Magnitsky Act in Parliament which impose sanctions on individuals who commit gross human right violations or large-scale corruption in other countries, but the government is yet to actually implement the sanctions against those responsible for theft or brutality abroad.
The Magnitsky Act was named after Sergei Magnitsky, a Russian lawyer and accountant who died in a Moscow prison cell to prevent him exposing a huge tax fraud committed by corrupt Russian government officials, yet the people responsible have never been brought to justice.
Ian Austin said:
“London must not be the destination for money stolen by corrupt or brutal gangsters in countries like Russia. I want the government to take much tougher action against crooks and criminal gangsters who have looted their own countries and think they can live a life of luxury in London.
“Brexit must not be used as an excuse to weaken our stance on human rights issues. It’s imperative that the tough sanctions we campaigned for are implemented to protect the country’s national security interests.”