UK’s Anti-Corruption Strategy Targets Crypto Sanctions Evasion

In brief

  • On Monday, UK deputy prime minister David Lammy laid out new measures for tackling corruption in the UK and abroad.
  • They include strengthening oversight and enforcement to target actors funnelling illegal cash through properties and crypto assets.
  • The Foreign Office will also host an event next year to shore up international collaboration.

The UK government has unveiled a new Anti-Corruption Strategy aimed at strengthening enforcement, closing financial crime loopholes, and curbing the use of crypto-assets to dodge international sanctions.

Deputy prime minister and justice secretary David Lammy announced the strategy on Monday, describing corruption as a threat that “bleeds countries dry, fuels conflict like Putin’s brutal…

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