A proposal that would empower U.K. officials to blacklist human rights abusers anywhere in the world and confiscate their assets may be scuppered by the government's reluctance to impose new responsibilities on banks ahead of Brexit, a British parliamentarian said Tuesday. The so-called Magnitsky amendment, which informally bears the name of a Moscow attorney who died in prison after exposing the alleged involvement of Russian officials in a $230 million tax-rebate fraud, would prohibit banks from serving any foreign official or intermediary they have "reasonable cause to suspect" benefited from human rights violations. Any property belonging to foreign politicos blacklisted...
The House of Commons on Tuesday unanimously backed new powers for investigators to seize property and other domestic assets from blacklisted human rights abusers anywhere in the world, putting the United Kingdom on course to become the third country to adopt such a measure.
A draft bill that would enable the U.S. government to impose sanctions on corrupt officials and individuals who commit grave human rights violations anywhere in the world will soon get a House floor vote.
Qatar National Bank is investigating an alleged leak of some 1.4 gigabytes of data, former Citigroup broker James Van Doren has been barred from the securities industry, and more, in the midweek roundup.
Although the grandson of a former head of the Communist Party USA, Bill Browder isn't exactly beloved by Russian officials, even those professing nostalgia for the Soviet Union's supposedly golden days.
The White House is unlikely to back a bill that would expand a Russia sanctions program to target corrupt officials and human rights abusers worldwide, lawmakers and congressional witnesses said Wednesday.