Today, the UK has imposed asset freezes and travel bans on five individuals under the Global Anti-Corruption Sanctions Regulations 2021.
This is the second set of designations under this regime since the regulations were laid in April 2021. The regime can be used to impose sanctions for serious corruption around the world. As set out in the regulations, the activities covered are bribery and misappropriation, plus a range of different kinds of involvement in such bribery or misappropriation.
These designations address cases of serious corruption which have deprived citizens of vital resources in Equatorial Guinea, Iraq, Venezuela and Zimbabwe.
In Equatorial Guinea, the sanctions target the Vice-President, Teodoro Nguema Obiang Mangue, for his involvement in the misappropriation of state funds, corrupt contracting arrangements and soliciting bribes to fund a lavish lifestyle in various countries abroad. We have designated Nawfal Hammadi Al-Sultan, a former Iraqi governor, who misappropriated public funds intended for reconstruction efforts and to provide support for civilians, and improperly awarded contracts and other state property. We have designated Alex Nain Saab Moran and Alvaro Enrique Pulido Vargas, businessmen with links to the Maduro regime, for exploiting two of Venezuela's public programmes which were set up to supply poor Venezuelans with affordable foodstuffs and housing. They benefited from improperly awarded contracts, where promised goods were delivered at highly inflated prices. Finally, we have designated Kudakwashe Regimond Tagwirei, a Zimbabwean businessperson whose involvement in misappropriation was at the expense of the country’s macroeconomic stability.
These latest designations show the UK’s ongoing commitment to the fight against corruption. They send a powerful message to deter those involved in serious corruption around the world: you and your dirty money are not welcome in our country. We will continue to keep future designations under close review, guided by the purposes of the sanctions regime and the evidence.
[HCWS244]