The Magnitsky Clause

Yesterday, Parliament passed a new bespoke power to asset freeze the money of those responsible for gross human rights abuses, who seek to launder it into the UK.

This has been a longstanding campaign of mine. I recently made the case for reform in The Sunday Times here. I spoke in Parliament in favour of my cross-party proposals, and you can read my speech here.

The government came back with a compromise amendment, and I was happy to accept it subject to three reassurances on enforcement which Security Minister Ben Wallace gave the House during the debate. The Independent report the proceedings here. It marks a significant step forward in the struggle to prevent Britain from becoming a haven for the blood money of dictators and despots around the world.